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DENIUS [597]
3 years ago
10

Describe voluntary exchanges

Business
1 answer:
Ann [662]3 years ago
6 0

Voluntary exchange is the actions of buyers and sellers freely coming together in the marketplace to buy and sell goods. They are not restricted or told what to buy, how to buy it, or how much, by the government or any other regulator.

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Steak Company acquired a building valued at $170,000 for property tax purposes in exchange for 10,000 shares of its $5 par commo
Yuliya22 [10]

Answer:

$160,000

Explanation:

Data provided in the question:

Value of the building acquired = $170,000

Number of shares exchanged = 10,000

Selling price of the stocks = $16 per share

Now,

The amount for which the building will be recorded by Steak Company is the market value of the shares that has been exchanges to acquire the building.

Therefore,

The amount for which the building will be recorded by Steak Company

= Number of shares exchanged × Selling price of the stocks

= 10,000 × $16

= $160,000

3 0
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Which of the following are true if you pay only the minimum amount each month towards your credit card bill?
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2 years ago
In the "promoting leadership effectiveness" model, what is a listed goal at the interpersonal level?b
Paha777 [63]
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7 0
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The following costs were incurred in May:
algol13

Answer:

d. $55,600

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So, the conversion costs during the month totaled $55,600.

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