Business, 05.05.2020 16:25 troyjbabyjohnson
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.
Answers: 2
Business, 22.06.2019 16:30
Why are there so many types of diversion programs for juveniles
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Business, 22.06.2019 18:00
Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less
Answers: 1
Business, 22.06.2019 19:40
On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?
Answers: 1
Business, 22.06.2019 20:10
With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals
Answers: 1
Abc company and xyz company entered into a nonmonetary exchange lacking commercial substance. in the...
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