Lester's balance sheet at the end of 2008 showed Land of $100,000. On the basis of the data presented above, compute the amount to be reported for Land in Lester Corporation's balance sheet at December 31, 2009.
A) $250,000.
B) $350,000.
C) $290,000.
D) Some other amount.

Question

Quizplus · Accepted Answer

The Answer of Lester's balance sheet at the end of 2008 showed Land of $100,000. On the basis of the data presented above, compute the amount to be reported for Land in Lester Corporation's balance sheet at December 31, 2009.
A) $250,000.
B) $350,000.
C) $290,000.
D) Some other amount.

Lester's Balance Sheet at the End of 2008 Showed Land