Simons Company is purchasing land to build a new factory. The following are the expenses incurred to purchase the land: • Purchase price of the land $150,000 • Real estate commissions $10,500 • Back property taxes $5,000 • Survey $5,000 At what amount should Simons record the land?

Where, in order on the Income statement, is the reporting of discontinued operations?

What type of transaction is not included in Comprehensive income reporting?

Which of the following is not classified as financial asset?

Under IFRS, what is the appropriate accounting treatment for ownership over 50%?

What is the formula for Dividend Yield?

What does a business owe all of its assets to?

Are audited financial statements guaranteed to be free of error?

On the cash flow statement, a change in accounts receivable is found in the _________ section.

If a business owner wants to protect him/herself from liabilities associated with their business, it is recommended that he/she establish a sole proprietorship.

The difference between the balance of a plant asset account and the related accumulated depreciation account is the asset's _____.