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alexdok [17]
4 years ago
6

Pharoah Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $390,600. The estimated fair

values of the assets are land $74,400, building $272,800, and equipment $99,200. At what amounts should each of the three assets be recorded?
Business
1 answer:
BabaBlast [244]4 years ago
3 0

Answer:

Land = 65100.001

Building = 238699.999

Equipment = 86799.99

Explanation:

Total Asset Fair Value = Land + Building + Equipment

Total Asset Fair Value = $74,400+$272,800+$99,200

Total Asset Fair Value = $446400

Recorder Amount

Land = $74,400/$446400 * $390,600

Land = 65100.001

Building = $272,800/$446400 * $390,600

Building = 238699.999

Equipment = $99,200/$446400 * $390,600

Equipment = 86799.99

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bonufazy [111]

Answer:

$127,700

Explanation:

Bramble Corp stockholders’ equity section of the balance sheet

Stockholders’ equity

Paid-in Capital

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4 years ago
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3 years ago
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Answer:

$4,000 gain

Explanation:

Some information was missing:

the spot rates for euros were:

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In Chow's December 31, 20X3, income statement, the foreign exchange gain is ?

the goods costed €200,000 x 0.4875 = $97,500 on December 10, 20x3

the goods costed €200,000 x 0.4675 = $93,500 on December 31, 20x3

Since the goods were sold FOB shipping point, we have to use the shipping date (December 10) to calculate the original price. By December 31, the price in US dollars had decreased by $4,000 resulting in a foreign exchange gain.

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Which information is found on a credit report?
grigory [225]
The correct answer is credit account history! I hope this helps! Plz give brainliest!
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