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Inessa05 [86]
4 years ago
9

The bronco corporation exchanged land for equipment. the land had a book value of $122,000 and a fair value of $154,000. bronco

paid the owner of the equipment $12,000 to complete the exchange which has commercial substance.
Business
2 answers:
USPshnik [31]4 years ago
7 0
<span>Fair value of land + Cash given = Fair value of equipment$154000 + 12000 =166000 Equipment (154000 + 12000 )166000 Cash 12000 Land (Book Value)122,000 Gain ($154,000 - $122,000) 32000</span>
stepladder [879]4 years ago
7 0

Answer:

Fair value of land + Cash given = Fair value of equipment$154000 + 12000 =166000 Equipment (154000 + 12000 )166000 Cash 12000 Land (Book Value)122,000 Gain ($154,000 - $122,000) 32000

Explanation:

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Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $83,000. The appra
algol [13]

Answer:

The cost should be recorded for the land is $15,150

Explanation:

In order to calculate the cost should be recorded for the land we would have to calculate the following formula:

cost should be recorded for the land=(Appraised value of land/Appraised value of land and building)*combine cost of land and building

Appraised value of land=$23,000

Appraised value of land and building=$23,000+$103,000=$126,000

combine cost of land and building=$83,000

Therefore, cost should be recorded for the land=($23,000/$126,000)*$83,000

cost should be recorded for the land=$15,150

The cost should be recorded for the land is $15,150

4 0
3 years ago
If a dominant firm is charged with refusal to deal under antitrust​ law, it is being charged because A. the firm will not set it
sergey [27]

Answer:

C. it will sell its products only to people who agree to buy only from it and not from rival firms.

Explanation:

Generally, any business can choose its business partners. But, under certain circumstances, there are limits on this freedom for a firm with a big market power.

There is an attempting to define those limited situations when this kinds of firm may violate antitrust law:

- The first option is that it violate the antitrust law by refusing to do business with other firms, or do business but under certain requisites. The key here is how the refusal to deal helps the monopolist maintain its empire, or allows the monopolist make an strategy where its monopoly is use in another market to attempt to monopolize other market.

- They can also refuse to deal with customers or suppliers, what cause the effect of preventing them from dealing with a rival: "If you deal with my competitor, I refuse to deal with you."

- Also, regarding to a firm dealing with its competitors,  if the monopolist refuses to sell a product or service to a competitor and it makes it available to others, or if the monopolist has done business with the competitor and then stops, then the monopolist needs a legitimate business reason for its actions.

3 0
3 years ago
What is the incremental percentage paid on income taxes called?
Westkost [7]

What is the incremental percentage paid on income taxes called The marginal tax rate

For better understanding, lets explain marginal tax rate

  • Marginal tax rate is simply referred to as the increase in taxes as a percentage of the increase in income. That is the change in the tax payment is divided by the change in income.

  • Marginal tax rate = Change in taxes due/change in taxable income

from the above, we can therefore say that the answer What is the incremental percentage paid on income taxes called marginal tax rate

Learn more about marginal tax rate from:

brainly.com/question/23568955

7 0
3 years ago
Select the correct answer.
drek231 [11]
C. Honesty and Integrity
3 0
4 years ago
Viral marketing is consistently successful.<br> True<br> False
shutvik [7]
Answer:
Based on what we know, Viral Marking is so successful because it creates curiosity and desire needed to generate the demand for a product or a service.

In conclusion:
Yes, viral marketing is consistently successful.
8 0
3 years ago
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