Flounder owns a subsidiary in a foreign country that has a book value of $6,161,000 and an estimated fair value of $8,992,800. The foreign government has communicated to Flounder its intention to expropriate the assets and business of all foreign investors. On the basis of settlements other firms have received from this same country, Flounder expects to receive 40% of the fair value of its properties as final settlement. Required:
Prepare the journal entries that should be recorded as of December 31, 2014, to recognize each of the situations above

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)