Business, 19.08.2020 21:01 Lindsay882

Pensacola Inc exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance Old equipment caseBook Value Fair Value ReceiveEquipment A $73,900 $80,100 $12,400Equipment B $60,300 $55,000 $10,200For Equipment A, Pensacola would record the new equipment ata. $69,200b. $67,700c. $55,200d. $ 71,950

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 20:00, LJ710

Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?

Answers: 2

continue

Business, 22.06.2019 21:30, natasniebow

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.

Answers: 1

continue

Business, 23.06.2019 00:30, KittyGotham

Emerson has an associate degree based on the chart below how will his employment opportunities change from 2008 to 2018

Answers: 2

continue

Business, 23.06.2019 01:00, fhggggy5680

Ticker services began operations in 2015 and maintains long-term investments in available-for-sale securities. the year-end cost and fair values for its portfolio of these investments follow. portfolio of available-for-sale securities cost fair valuedecember 31, 2015 $ 369,060 $ 357,988 december 31, 2016 420,728 445,972 december 31, 2017 572,190 676,901 december 31, 2018 864,007 768,966 prepare journal entries to record each year-end fair value adjustment for these securities. calculation adjustment required to fair value adjustment.12/31/15 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/16 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/17 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) 12/31/18 existing balance in fair value adjustment-afs (lt) required balance in fair value adjustment-afs (lt) adjustment required to fair value adjustment-afs (lt) record the year-end adjusting entry for the securities portfolio as of december 31, 2015.date general journal debit creditdec 31, 2015 record the year-end adjusting entry for the securities portfolio as of december 31, 2016.date general journal debit creditdec 31, 2016 record the year-end adjusting entry for the securities portfolio as of december 31, 2017.date general journal debit creditdec 31, 2017 record the year-end adjusting entry for the securities portfolio as of december 31, 2018.date general journal debit creditdec 31, 2018

Answers: 2

continue

You know the right answer?

Pensacola Inc exchanged old equipment for new equipment in two exchange transactions. Each transacti...