Business, 09.05.2020 16:57 slonekaitlyn01
Two independent companies, Hager Co. and Shaw Co., are in the home building business. Each owns a tract of land held for development, but each would prefer to build on the other's land. They agree to exchange their land. An appraiser was hired, and from her report and the companies' records, the following information was obtained: Hager's Land Shaw's Land Book value $192,000 $120,000 Fair value based upon appraisal 240,000 210,000 The exchange was made with the payment of proper amount of cash. The exchange lacked commercial substance. The new land should be recorded on Hager's books at:
Answers: 2
Another question on Business
Business, 21.06.2019 16:30
Gather reliable information to brent make his decision. to gather this information, use newspapers, call insurance companies or look at their web sites, and review consumer magazines and web sites. also, look at the manufacturer web site or for information about gas mileage. list the sources you use and take notes.
Answers: 3
Business, 21.06.2019 17:10
Titus manufacturing, inc. provided the following information for the year: purchases - direct materials $91,000 plant utilities and insurance 68,000 indirect materials 11,170 indirect labor 4270 direct materials used in production 99,000 direct labor 117,500 depreciation on factory plant & equipment 4000the inventory account balances as of january 1 are given below. direct materials $44,000 work-in-progress inventory 10,000 finished goods inventory 50,000what is the ending balance in the direct materials account? $135,000 $36,000 $110,170 $6000
Answers: 3
Business, 22.06.2019 11:40
On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment
Answers: 3
You know the right answer?
Two independent companies, Hager Co. and Shaw Co., are in the home building business. Each owns a tr...
Questions
English, 03.11.2020 21:20
Mathematics, 03.11.2020 21:20
Mathematics, 03.11.2020 21:20
Mathematics, 03.11.2020 21:20
Mathematics, 03.11.2020 21:20
Physics, 03.11.2020 21:20
Mathematics, 03.11.2020 21:20
English, 03.11.2020 21:20
Chemistry, 03.11.2020 21:20
