Rodriguez company pays $345,000 for real estate plus $18,285 in closing costs. the real estate consists of land appraised at $202,500; land improvements appraised at $90,000; and a building appraised at $157,500. required: prepare the journal entry to record the purchase.

If a bond is issued at a premium the effective interest rate is most likely

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

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