1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frozen [14]
3 years ago
9

Ford Corporation entered into a troubled debt restructuring agreement with their local bank. The bank agreed to accept land with

a carrying value of $200,000 and a fair value of $300,000 in exchange for a note with a carrying amount of $425,000. Ignoring income taxes, what amount should Ford report as a gain on its income statement?
Business
1 answer:
icang [17]3 years ago
7 0

Answer:

The answer is: $225,000

Explanation:

Ford should include a total gain of $225,000 in its income statement.

That gain is the result of the difference between the carrying value of the asset (land) and the carrying value of the liability (debt note).

$425,000 - $200,000 = $225,000 as total gain

You might be interested in
What would you say is the key difference between a nft and an art print?.
djverab [1.8K]

NFT art differs from traditional art in that it is entirely digital and can only exist in digital wallets on a specific blockchain. An art print, on the other hand, is an image on paper that does not exist on the digital wallets.

<h3>What is NFT?</h3>

A non-fungible token (NFT) is a non-transferable data unit that may be sold and traded on a blockchain, which is a sort of digital ledger.

Cryptocurrencies and physical money are both "fungible," meaning they may be traded or exchanged for one another.

In fact, anyone can make an NFT and sell it on a marketplace for NFTs.

Thus, NFT is the digital wallets and art print is the non digital wallet

For further details about NFT, click here:

brainly.com/question/24977458

3 0
2 years ago
True or False: Some nonactivists believe in a predetermined-money growth rate, which suggests that the monetary authorities shou
Paraphin [41]
True Some no activist believe in a predetermined money growth rate
6 0
3 years ago
About economic.... question of demanded​
Veseljchak [2.6K]

Answer:

please could you say the question or be more elaborate

8 0
3 years ago
Eastern Electric currently pays a dividend of about $1.64 per share and sells for $27 a share.
Gre4nikov [31]

Answer:

a. 9.07%

b. 5.93%

c. 12.07%

Explanation:

Dividend valuation method is used to calculate the the value of stock based on the dividend paid, its growth rate and rate of return.

Stock Price = Dividend / ( Rate of return - Growth rate )

a.

$27 = $1.64 / ( Rate of return - 3% )

Rate of return - 0.03 = $1.64 / $27

Rate of return - 0.03 = 0.0607

Rate of return = 0.0607 + 0.03

Rate of return = 0.0907 = 9.07%

b.

$27 = $1.64 / ( 12% - Growth rate )

0.12 - Growth rate = $1.64 / $27

0.12 - Growth rate = 0.0607

Growth rate = 0.12 - 0.0607

Growth rate = 0.0593 = 5.93%

c.

$27 = $1.64 / ( Rate of return - 6% )

Rate of return - 0.06 = $1.64 / $27

Rate of return - 0.06 = 0.0607

Rate of return = 0.0607 + 0.06

Rate of return = 0.1207 = 12.07%

4 0
3 years ago
Prepare journal entries to record each of the following four separate issuances of stock. A corporation issued 7,000 shares of $
marysya [2.9K]

Answer:

The Journal entries are as follows:

(i) cash  A/c           Dr. $84,000

To Common stock, $10 par value      $70,000

To Paid-in capital in excess of par value, Common stock   $14,000

(To record the  issuance of stock)

(ii) Organization expenses  A/c           Dr. $55,000

To Common stock, $2 stated value                                    $7,000

To Paid-in capital in excess of stated value, Common stock   $48,000

(To record the  issuance of stock)

(iii) Organization expenses A/c    Dr. $55,000

To Common stock, no-par value                       $55,000

(To record the  issuance of stock)

(iv) Cash A/c                    Dr. $142,500

To Preferred stock, $50 par value[1,750 × $50)                  $87,500

To Paid-in capital in excess of par value, preferred stock  $55,000

(To record the  issuance of stock)

3 0
3 years ago
Other questions:
  • Which of the following conditions might result in the best financial decisions?
    9·2 answers
  • What is the pattern of 0.03 , 0.3 , 3 , 30
    14·2 answers
  • The general journal is used to: a. post all accounting entries not posted in other individual journals. b. post all accounting e
    10·2 answers
  • Which accurately describes full-service brokers?
    12·1 answer
  • A _____ is a person who specializes in matching jobs with people and usually works only with higher level positions.
    5·1 answer
  • Why should a person create a budget
    9·2 answers
  • In relationship-based marketing, the focus is on enticing a buyer to make a purchase now based on such factors as low price, con
    12·1 answer
  • Sample T-Shirt Company, INC. needs help with their profit loss statement for their fourth quarter which lasts between October 1s
    15·1 answer
  • Which method for counting gross domestic product focuses on the money paid for all the factors of production as well as profits
    10·1 answer
  • The material wealth of a society is a function of? all financial assets. all real assets. all financial and real assets. all phy
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!