Business, 18.02.2021 20:50 acavalieri72
Beeman Company exchanged machinery with an appraised value of $4,680,000, a recorded cost of $7,200,000 and accumulated depreciation of $3,600,000 with Lacey Corporation for machinery Lacey owns. The machinery has an appraised value of $4,520,000, a recorded cost of $8,640,000, and accumulated depreciation of $4,752,000. Lacey also gave Beeman $160,000 in the exchange. Assume depreciation has already been updated. Instructions(a) Prepare the entries on both companies' books assuming that the exchange lacked commercial substance. (Round all computations to the nearest dollar.) (b) Prepare the entries on both companies ; books assuming that the exchange had commercial substance. (Round all computations to the nearest dollar.)
Answers: 3
Business, 21.06.2019 23:30
You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?
Answers: 2
Business, 22.06.2019 11:10
Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? โข agi: $80,000 โข medical and dental expenses: $9,000 โข state income taxes: $3,500 โข mortgage interest: $9,500 โข charitable contributions: $1,000.
Answers: 1
Business, 23.06.2019 00:30
One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.
Answers: 1
Business, 23.06.2019 10:00
At the beginning of each month, desmond receives a written statement from his bank containing all the transactions processed on his checking account for the previous month desmond compares his check register to this bank statement. this comparison is known as your account. a. confirming b. reconciling c. comparing d. finalizing
Answers: 1
Beeman Company exchanged machinery with an appraised value of $4,680,000, a recorded cost of $7,200,...
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