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
lesya692 [45]
3 years ago
15

Amble Inc. exchanged a truck with a book value of $12,000 and a fair value of $20,000 for a truck and $5,000 cash. The exchange

has commercial substance. At what amount should Amble record the truck received
Business
1 answer:
anygoal [31]3 years ago
3 0

Answer:

$20,000

Explanation:

Based on the information given about Amble Inc the amount that Amble should record the truck received should be $20,000 because the book value is the amount of $12,000.

Secondly since we were told that the exchange has commercial substance which means that the amount of $20,000 which is the fair value of the truck which the buyer is willing to buy from the seller should be the amount that Amble should record the truck received .

Therefore Amble should record the truck received at the amount of $20,000

You might be interested in
Consumer protection laws might result in:
motikmotik

I believe the answer is: A. Fewer unwanted telemarketing calls

The consumer protect laws allow the consumers to report business practices that violate their privacy or comfort (which is what many of them consider unwanted telemarketing calls are). The protection law could also prevent the price from goes too high, but it would not necessarily lower the average prices.

5 0
3 years ago
Read 2 more answers
According to the​ "rule of​ 70", how many years will it take for real gdp per capita to double when the growth rate of real gdp
slava [35]

14 Years.

The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.

70/5% = 14 years

8 0
3 years ago
Suppose you have 3 jars with the following contents. Jar 1 has 4 white balls and 1 black ball. Jar 2 has 2 white balls and 1 bla
serious [3.7K]

Answer:

4

Explanation:

There are 3 jars which equal 4 jars which equal 3

5 0
3 years ago
What is a table in economics and state 5 characteristics of a table​
Luba_88 [7]

A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.

Table number: A table should always be numbered for easy identification

Title of the table

Stubs: These refer to the headings of horizontal rows.

Captions: these refer to the headings of vertical columns

Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells

3 0
3 years ago
When a manager leaves his or her job to accept a job at another organization, the organization left behind is experiencing?
Butoxors [25]
<span>When a manager leaves his or her job to accept a job at another organization, the organization left behind is experiencing 'attrition'. Attrition means the reduction in employees in a company due to retirement and resignation. It may cause loss of employee talent and increased competition with rival companies.</span>
7 0
3 years ago
Other questions:
  • A consulting firm submitted a bid for a large research project. The firm's management initially felt that they had a 50-50 chanc
    7·1 answer
  • The Clifford Corporation has announced a rights offer to raise $10 million for a new journal, the Journal of Financial Excess. T
    7·1 answer
  • Which one of the following statements is correct? A. A $20 dollar bill is a gold certificate. B. A $20 dollar bill is a Treasury
    6·1 answer
  • A $1,000 six-year bond has an 8 percent coupon, is selling at par, and contracts to make annual payments of interest. The durati
    10·1 answer
  • 37. Wal-Mart surveys its employees annually as part of its "Grass Roots" program. The survey is designed to assess employees’ pe
    6·1 answer
  • This is not a homework based question, but do you think one day girls will be able to play with the boys in the NFL??
    6·1 answer
  • Demand is created through meeting customer buying criteria, credit terms, awareness (promotion) and accessibility (distribution)
    6·1 answer
  • Commission earned but not received is debit or credit?​
    12·1 answer
  • Kitchen chairs are purchased wholesale for $36 each by a discount furniture store. Then, the store marks up the chairs by 60 per
    14·1 answer
  • Accounts payable, notes payable, and bonds payable are all common ______. multiple choice question. categories of assets liabili
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!