Sandhill corporation traded a used truck (cost $23,600, accumulated depreciation $21,240) for a small computer with a fair value of $3,894. sandhill also paid $590 in the transaction. prepare the journal entry to record the exchange, assuming the exchange lacks commercial substance.
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Which of the following statements is true about financial planning
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You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer
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Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)
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Both a demand curve and a demand schedule show how a. prices affect consumer demand. b. consumer demand affects income. c. prices affect complementary goods. d. consumer demand affects substitute goods.
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Sandhill corporation traded a used truck (cost $23,600, accumulated depreciation $21,240) for a smal...
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