The Question is: On Nov. 15, Johnson Repair Service extended an offer of $35, 000 for land that had been priced for sale at $43,000. On Dec. 8, JRS accepted the seller’s counteroffer of $37,000. On Dec. 30, the land was assessed at a value of $50,000 for property tax puposes. On April 1, JRS was offered $60,000 for the land by a national retail chain. At what value should the land be recorded in JRS’s records? Please, Can anyone answer this question? Thanks Much.
Posted in Land For Sale
Tagged accounting, anyone, april 1, counteroffer, Dec, Johnson, JRS, Land, Nov, property tax, question, question thanks, retail chain, stuff, value
I live in the state of Iowa, I have only receive verbal notice of the sale of the home and that I have to be out. They intend to close on the 1st of August. The landlord showed the home wihtout my knowledge about 3 weeks ago and then accepted the offer and still no notification. I did not know they still had it on the market. When I signed the lease it was listed for sale or for rent. After I moved in on April 1, 2006 my landlord notified me verbally they may be moving from Iowa and would I be interested in buying the home on contract. I informed him could not afford it at this time. Please help me I am totally stressed out about this. I have no family close by to help me move again so soon and my youngest boy just had major surgery 1 week ago and can not get around hardly at all.
Posted in Homes For Sale
Tagged april 1, August, Home, Iowa, landlord, lease, major surgery, notice, Property, sale, State, state of iowa, wihtout, year, youngest boy