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1. Calaveras Tire exchanged machinery for two pickup trucks. The book value and fair value of the machinery were $20,000 (original cost of $65,000 less accumulated depreciation of $45,000) and $17,000, respectively. To equalize fair values, Calaveras paid $8,000 in cash. At what amount will Calaveras value the pickup trucks? How much gain or loss will the company recognize on the exchange? Assume the exchange has commercial substance.
a statistical process analyst is responsible for assuring statistical control. in one process a machine is supposed to
On October 31, a company's Cash account had a normal balance of $7,000. During October, the account was debited for a total of $4,250 and credited for a total of $5,340. What was the balance in the Cash account at the beginning of October?
1. fleeson company needs additional funds to purchase equipment for a new production facility and is considering either
Assuming the building was a manufacturing plant instead of an apartment building.
assume that on january 1 2012 kimberly-clark corp. signs a 10-year noncancelable lease agreement to lease a storage
Hiker Company completes the following transactions during the current year.
The maximum deduction for the current year is
many organizations have been in the news over the past few years due to accounting ethical breaches that have affected
d is the sole shareholder of a corporation and e owns a sole proprietorship. both businesses which were started in the
There were no other transactions which affected the companies' land accounts during 2006. What is the consolidated balance for land on the 2006 balance sheet?
the production department in a process manufacturing system completed 191500 units of product and transferred them to
Respond to the following: What are the benefits and liabilities of using a software package to help write a business plan or hiring consultants to write the business plan for you? Respond to at least two of your classmates' postings.
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