Business, 28.11.2019 00:31 iluminatioffial9699

Horton stores exchanged land and cash of $5,000 for similar land. the book value and the fair value of the land were $90,000 and $100,000, respectively. assuming that the exchange has commercial substance, horton would record land-new and a gain/(loss) of: land gain/(loss) a. $ 105,000 $ 0 b. $ 105,000 $ 10,000 c. $ 95,000 $ 0 d. $ 95,000 $ 10,000

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:00, nicoleskertich

What is credit and debit in accounting

Answers: 2

continue

Business, 22.06.2019 12:10, montgomerykarloxc24x

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:

Answers: 3

continue

Business, 22.06.2019 13:30, starlodgb1971

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?

Answers: 3

continue

Business, 22.06.2019 13:50, veronica25681

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars

Answers: 2

continue

You know the right answer?

Horton stores exchanged land and cash of $5,000 for similar land. the book value and the fair value...