China Inn and Midwest Chicken exchanged assets. Midwest Chicken received equipment and gave a delivery truck. The fair value and book value of the delivery truck given were $23,400 and $26,700 (original cost of $31,600 less accumulated depreciation of $4,900), respectively. To equalize market values of the exchanged assets, Midwest Chicken received $7,400 in cash from China Inn. a. At what amount did Midwest Chicken record the equipment?
b. How much gain or loss did Midwest Chicken recognize on the exchange?

answer: yo mama

explanation: yo mama

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.