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Yuri [45]
3 years ago
6

On December 1, 2020, Concord Corporation acquired new equipment in exchange for old equipment that it had acquired in 2017. The

old equipment was purchased for $216000 and had a book value of $83720. On the date of the exchange, the old equipment had a fair value of $91000. In addition, Concord paid $286000 cash for the new equipment, which had a list price of $386000. The exchange lacked commercial substance. At what amount should Concord record the new equipment for financial accounting purposes?
Business
1 answer:
vredina [299]3 years ago
6 0

Answer:

$369,720

Explanation:

The computation of the amount record the new equipment for financial accounting purpose is shown below:

Book value of new equipment = book value of old equipment + cash given

where,

Book value of old equipment is $83,720

And, the cash paid for new equipment is $286,000

SO, the book value of new equipment is

= $83,720 + $286,000

= $369,720

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(C) both Paula and Tom are liable for Tom's act of discrimination.

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Accordingly, when the court will take decision it will make Paula and Tom both liable for any kind of false act.

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5 0
3 years ago
Should the NLRB require union organizer access to the workplace as a quid pro quo for an employer demanding an election rather t
rewona [7]

Answer: yes

Explanation:this is so because When a union wants to unionize a new group of employees, it must first convince at least 30% of the employees to sign authorization cards. If the union successfully does so, the union then submits the cards to the NLRB for certification. If the NLRB certifies that the union has secured cards from 30% of the employees, it orders that a secret ballot election be held where the employees vote on whether to unionize. Typically, about two months pass between the time the NLRB certifies the cards and the time that the election actually takes place. During these two months, the union and the employer actively campaign for or against unionization. At the election, if a majority of employees vote to unionize, then the NLRB recognizes the union as the sole bargaining representative of the employees. The employer is then required by statute to bargain in good faith with the union to negotiate the “first contract” between the employees and the employer. This employment contract determines the terms and conditions for all employees represented by the union.

3 0
3 years ago
On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 28,000 shares of 6%, $50 par, cumulati
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Answer:

basic earnings per share = $1.14

diluted earnings per share = $1.02

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net income = $178,905

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September 30, sold 5,800 treasury stocks x 3/12 = 1,450

total weighted average stocks = 83,117

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3 0
3 years ago
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