On December 31, a building owned by Carr, Inc. was destroyed by fire. Carr paid $12,000 for removal and clean-up costs. The building had a book value of $250,000 and a fair value of $280,000 on December 31. What is the loss on this involuntary conversion

Suppose that the resource base in country x can produce either 100100 units of alpha or 300300 units of beta. similarly, suppose that country y's resource base is capable of producing 100100 units of alpha or 200200 betas. clearly, the opportunity cost of 100100 alphas is lower in

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?