organ Farms purchases land for $250,000 cash and paid legal fees of $1,000 to complete the transaction. The company has the land graded for $3,700. What amount does Morgan Farms record as the cost for the land?Select answer from the options below$253,700$251,000$252,700$254,700

Merchant Company purchased land for a building site. The costs associated with the property were: Purchase price $ 182,000Real estate commissions 15,700Legal fees 1,500Expenses of clearing the land 2,700What is the total recorded cost of the land?Multiple Choice$201,900$182,000$185,500$199,200$197,700

Gagner Clinic purchases land for $175,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land?Group of answer choices$175,000$157,500$157,200$179,700

Revenue$1,000CostsWages and salaries$700Rent on land$50Rental fee for tractor$100Seed, fertilizer$100Pesticides, irrigation$50Calculate the value added by this farm.

A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $60,500; the land at $46,200, and the parking lot at $18,300. Land should be recorded in the accounting records with an allocated cost of:Multiple Choice$42,960.$36,960.$0.$46,200.$100,000.

Use the following information and the indirect method to calculate the net cash provided or used by operating activities: Net income $ 85,900Depreciation expense 12,600Gain on sale of land 8,100Increase in merchandise inventory 2,650Increase in accounts payable 6,750Multiple Choice$14,200.$37,700.$94,500.$13,200.$29,600.