Business, 15.11.2019 00:31 abebaretosuacegod445

Kapono farms exchanged 100 acres of farmland for similar land. the farmland given had a book value of $535,000 and a fair value of $770,000. kapono paid $57,000 cash to complete the exchange. the exchange has commercial substance. required: 1. what is the amount of gain or loss that kapono would recognize on the exchange? what is the initial value of the new land? 2. assume the fair value of the farmland given is $428,000 instead of $770,000. what is the amount of gain or loss that kapono would recognize on the exchange? what is the initial value of the new land? 3. assume that the exchange lacked commercial substance. what is the amount of gain or loss that kapono would recognize on the exchange? what is the initial value of the new land?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:00

Match the given situations to the type of risks that a business may face while taking credit.(there's not just one answer)1. beta ltd. had taken a loan from a bankfor a period of 15 years, but its salesare gradually showing a decline.2. alpha ltd. has taken a loan for increasing its production and sales,but it has not conducted any researchbefore making this decision.3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession.4. delphi ltd. has taken a short-term loanfrom the bank, but its supply chain logistics are not in place.a. foreign exchange riskb. operational riskc. term of loan riskd. revenue projections risk

Answers: 1

Answer

Business, 22.06.2019 05:00

Personal financial planning is the process of creating and achieving financial goals? true or false

Answers: 1

Answer

Business, 22.06.2019 15:30

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false

Answers: 1

Answer

Business, 22.06.2019 19:30

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.

Answers: 1

Answer

You know the right answer?

Kapono farms exchanged 100 acres of farmland for similar land. the farmland given had a book value o...

Questions

Business, 12.11.2019 22:31

Sofia files a suit against turista airlines, inc. turista responds that it appears from the pleadings that the parties do not dispute the facts and th...