Company owns a tract of land which it purchased in 2006 for $100,000. The land is held as a future plant site and has a fair market value of $140,000 on July 1, 2009. Hall Company also owns a tract of land held as a future plant site. Hall paid $180,000 for the land in 2008 and the land has a fair market value of $200,000 on July 1, 2009. On this date Madden exchanged its land and paid $60,000 cash for the land owned by Hall. If the exchange has commercial substance, at what value Madden record the land acquired in the exchange?

$200,000

Explanation:

The computation is shown below:

Given that

Purchase value of tract of land in 2006 = $100,000

Fair market value = $140,000

Paid amount = $180,000

Fair market value = $200,000

Cash paid = $60,000

So by considering the above information, the land should be recorded at

= Fair market + Cash paid

= $140,000 + $60,000

= $200,000

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.

answerjointly by the fed and by the behavior of individuals who hold money and of banks in which money is held;