Business, 26.06.2019 23:00 kerena8291
The tinsley company exchanged land that it had been holding for future plant expansion for a more suitable parcel located farther from residential areas. tinsley carried the land at its original cost of $30,000. according to an independent appraisal, the land currently is worth $72,000. tinsley paid $14,000 in cash to complete the transaction. required: 1. what is the fair value of the new parcel of land received by tinsley assuming the exchange has commercial substance? 2. prepare the journal entry to record the exchange assuming the exchange has commercial substance. 3. prepare the journal entry to record the exchange assuming the exchange lacks commercial substance. 4. prepare the journal entry to record the exchange except that tinsley received $9,000 in the exchange, and the exchange lacks commercial substance.
Answers: 1
Business, 21.06.2019 14:30
At which level will a manager use analytics to make decisions? operational level managerial level strategic level all of the above
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Business, 22.06.2019 14:30
In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false
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Business, 22.06.2019 21:00
Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost
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Business, 23.06.2019 01:30
Which of the following is considered part of a country’s infrastructure?
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The tinsley company exchanged land that it had been holding for future plant expansion for a more su...
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