ABC Inc. and DEF Co. have an exchange with no commercial substance. The asset given up by ABC Inc. has a book value of $72,000 and a fair value of $90,000. The asset given up by DEF Co. has a book value of $120,000 and a fair value of $112,000. Boot of $22,000 is received by DEF Co. What amount should ABC Inc. record for the asset received

When is going to be why would you put money into saving account

Which of the following is a problem for the production of public goods?

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.