Glen inc. and armstrong co. have an exchange with no commercial substance. the asset given up by glen inc. has a book value of $72,000 and a fair value of $90,000. the asset given up by armstrong co. has a book value of $120,000 and a fair value of $114,000. $24,000 cash is received by armstrong co.

what amount should armstrong co. record for the asset received?

a. $90,000

b. $96,000

c. $114,000

d. $120,000

also include the journal entry to record this transaction. you! (this has no commercial substance, so the journal entry should not record a gain or loss)

Identify at least 3 body language messages that project a positive attitude

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.

Which represents the solution set of 5(x+5) < 857o x< 12o x> 12x< 16x> 16