subject
Business, 24.06.2019 12:40 sebcbal

Abc company and xyz company entered into a nonmonetary exchange lacking commercial substance. in the exchange, abc gave xyz a building with a book value of $90,000 ($150,000 cost - $60,000 accumulated depreciation) and a fair value of $125,000 in exchange for $25,000 and an xyz building with a book value of $80,000 ($95,000 cost - $15,000 accumulated depreciation) and a fair value of $100,000. prepare the journal entry to record the exchange in abc's and xyz's books. double-click on the shaded cells in the account column and select from the list provided. enter the appropriate amounts in the debit and credit columns.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:40
•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year
Answers: 2
question
Business, 22.06.2019 05:20
Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?
Answers: 2
question
Business, 22.06.2019 06:00
If you miss two payments on a credit card what is generally the penalty
Answers: 1
question
Business, 22.06.2019 21:00
Mr. beautiful, an organization that sells weight training sets, has an ordering cost of $40 for the bb-1 set. (bb-1 stands for body beautiful number 1.) the carrying cost for bb-1 is $5 per set per year. to meet demand, mr. beautiful orders large quantities of bb-1 seven times a year. the stockout cost for bb-1 is estimated to be $50 per set. over the past several years, mr. beautiful has observed the following demand during the lead time for bb-1: demand during lead time probability40 0.150 0.260 0.270 0.280 0.290 0.1total 1.0the reorder point for bb-1 is 60 sets. what level of safety stock should be maintained for bb-1?
Answers: 3
You know the right answer?
Abc company and xyz company entered into a nonmonetary exchange lacking commercial substance. in the...
Questions
question
Mathematics, 02.12.2019 08:31
question
English, 02.12.2019 08:31
Questions on the website: 13722363