Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance. Old Equipment Cash
Book Value Fair Value Received
Equipment A $74,000 $81,300 $11,300
Equipment B $ 61,600 $54,800 $10,300
For Equipment B, Pensacola would record a gain/(loss) of:
a. $5,300
b. $(6,800)
c. $(7,800)
d. none of these answer choices are correct

Chip wilson has hired goldman sachs, an investment banking company, to assist him with a hostile takeover of lululemon. wilson's goal is to hire a new board of directors because he believes there is a need for a more long-term focus. goldman sachs is a proven firm at making a profit in every move that they make. if the hostile takeover does not pan out, what could be another motive for investors?

Sports leave thousands of college athletes with little time for their studies. this is an example of

Acompany that uses the periodic inventory system provided the following information: 1. beginning inventory $ 5 comma 0002. purchases $ 150 comma 0003. purchase discounts $ 2 comma 1004. purchase returns and allowances $ 1 comma 000at the end of the period, the physical count of inventory reveals that $ 16 comma 000 worth of inventory is on hand. what is the amount of cost of goods sold?