Calaveras tire exchanged equipment for two pickup trucks. the book value and fair value of the equipment given up were $22,000 (original cost of $68,000 less accumulated depreciation of $46,000) and $18,000, respectively.

assume calaveras paid $9,000 in cash and the exchange has commercial substance.

(1) at what amount will calaveras value the pickup trucks?

(2) how much gain or loss will the company recognize on the exchange?

Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average.it is valued at greater than the sum of individual business units.