Horton Stores exchanged land and cash of $5,100 for similar land. The book value and the fair value of the land were $88,800 and $100,300, respectively. Assuming that the exchange lacks commercial substance, Horton would record land-new and a gain/(loss) of: Land Gain/(loss) a. $ 105,400 $ 0 b. $ 105,400 $ 11,500 c. $ 93,900 $ 0 d. $ 93,900 $ 11,500

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year