The book value of an asset that is being replaced is a relevant cash flow in the net present value method

Arthur, Inc plans to develop a shopping center

In the first quarter, the following amounts were spent: Acquisition of land $23,000 Surveys and legal fees 1,400 Land clearing 1,100 Fencing 8,000 Install lighting and signage 11,060 What amount should be recorded as the land improvement cost? A) $9,100 B) $10,500 C) $19,060 D) $2,500

An LLLP is a foreign limited liability limited partnership in the state in which it is formed

Indicate whether the statement is true or false