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frozen [14]
2 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]2 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

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Were are the choices
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Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisio
Kryger [21]

Answer:

The three scenarios are following

1- Murder at a house

2- Robbery in Bank

3- Road Accident

Explanation:

1- Murder at a house

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2- Robbery in Bank

Crime-scene investigators will gather data and then compare this information to existing databases to determine information such as the physical characteristics of a suspect. Examining the foot prints , investigators are able to determine how much a suspect weighs by comparing the depth of the print to a list of constants

3- Road Accident

Whether it is blood splatters, accident investigators are able to use mathematics to determine the trajectory of a falling object. Every object that is propelled through the air falls in an arc that can be measured to determine the speed and location from which the object began.

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3 years ago
Which of the following statements is CORRECT? a. Well-designed bond covenants are useful for reducing potential conflicts betwee
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The answer is: c. The bid price in a hostile takeover is generally above the price before the takeover attempt is announced, because otherwise there would be no incentive for the stockholders to sell to the hostile bidder and the takeover attempt would probably fail

Hostile takeover refers to the process of acquiring another company without the approval of that other company's management team. The only way to do a hostile takeover is to ensure majority of the shareholders to sell their stocks to us within a short period of time. For the shareholders to do this, we need to offer the price that is way above the current market value.


6 0
3 years ago
Company X has 2 million shares of common stock outstanding with a book value of $2 per share. The stock trades for $3 per share.
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Answer:

23.08%

Explanation:

The computation of the debt ratio is shown below:

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And,

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Federal inspectors find that several shipments of hamburger supplied to grocery chains is contaminated with potentially harmful
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The Food and Drug Administration issues a recall for the meat, and the seller notifies its customers.

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When there is a serious or potentially serious risk to consumers, the FDA works with sellers and distributors to recall products (remove them from store shelves) and notify customers through press releases and other communications.

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