Texarkana company exchanged equipment that cost $85,000 and has accumulated depreciation of $29,800 and a fair value of $60,000. it receives in exchange an equipment with a fair value of $48,000 and received $12,000 cash. the exchange lacks commercial substance. the gain to be recognized from the exchange is

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