Nu Corp. agreed to give Rand Co. a machine in full settlement of a note payable to Rand. The machine's original cost was $140,000. The note's face amount was $110,000. On the date of the agreement,
the note's carrying amount was $105,000, and its present value was $96,000.
The machine's carrying amount was $109,000, and its fair value was $96,000.
What amount of net gain (or losses) should Nu recognize?
a) ($4,000)
b) $0
c) ($13,000)
d) $9,000
Answers: 1
Business, 22.06.2019 05:20, lauren21bunch
142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle
Answers: 1
Business, 22.06.2019 15:40, arigamez90
Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price. b)an upper limit on the quantity of some good that can be bought or sold. c)a legal restriction on how high or low a price in a market may go. d)control of the price of a good by the firm that produces it.
Answers: 1
Business, 23.06.2019 00:10, Frenchfries13
Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?
Answers: 2
Nu Corp. agreed to give Rand Co. a machine in full settlement of a note payable to Rand. The machine...
Biology, 28.09.2019 02:40
Social Studies, 28.09.2019 02:40
Health, 28.09.2019 02:40
Mathematics, 28.09.2019 02:50
Mathematics, 28.09.2019 02:50
History, 28.09.2019 02:50
Biology, 28.09.2019 02:50