On december 1, 2017, sheridan company acquired new equipment in exchange for old equipment that it had acquired in 2014. the old equipment was purchased for $204000 and had a book value of $71890. on the date of the exchange, the old equipment had a fair value of $79000. in addition, sheridan paid $274000 cash for the new equipment, which had a list price of $374000. the exchange lacked commercial substance. at what amount should sheridan record the new equipment for financial accounting purposes?

The new york stock exchange is an example of what type of stock market?

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.

The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?