Teach Trina Catch Me Slipping

Teach tryna catch me slipping with the white text 😂 Question 7 A firm purchased a building and land for $400,000. The firm immediately demolished the building. In addition to the purchase price, the firm made the following expenditures in connection with the purchase of the land and building: Show work Title insurance $16,000 Legal fees for drawing the contract $5,000 Pro-rated property taxes for the period after acquisition: $36,000 State transfer fees: $4,000 Demolition: $250,000 Proceeds from salvaged materials in demolition: $6,000 Clearing and grading the land in preparation of new construction: $86,000 What amount does the firm record for Land? $797,000 $761,000 $755,000 $767,000 $791,000

A social media post shows a photographed online accounting question asking how much land should be recorded after buying and demolishing a building, with the $755,000 answer selected. The joke is that the poster is trying to hide or disguise the correct answer with white text while joking that “Teach” is trying to catch them cheating or “slipping.” EN: A social media post shows a photographed online accounting question asking how much land should be recorded after buying and demolishing a building, with the $755,000 answer selected. The joke is that the poster is trying to hide or disguise the correct answer with white text while joking that “Teach” is trying to catch them cheating or “slipping.”

• @sbunem / 100603 2025-04-13