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AVprozaik [17]
2 years ago
13

Sheffield Corp. traded machinery with a book value of $978480 and a fair value of $906000. It received in exchange from Ivanhoe

Company a machine with a fair value of $1023780. Sheffield also paid cash of $102378 in the exchange. Ivanhoe’s machine has a book value of $978480. What amount of gain or loss should Sheffield recognize on the exchange (assuming lack of commercial substance)?
Business
1 answer:
Lemur [1.5K]2 years ago
3 0

Answer:

Gain $72,480

Explanation:

Calculation for the amount of gain or loss that Sheffield should recognize on the exchange

Using this formula

Gain/Loss= Book value – Fair value

Let plug in the formula

Gain/Loss= $978,480 – $906,000

Gain=$72,480

Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480

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Select all of the true statements regarding Gary Hamel's thoughts on management:
SIZIF [17.4K]

Answer: • management innovation is essential to future organizational success

• we must look at management as a process, and then make improvements and innovation ongoing and systematic

• much of management theory is dated and doesn't fit the current realities of organizational life

Explanation:

The true statements regarding Gary Hamel's thoughts on management are:

1. management innovation is essential to future organizational success

2. we must look at management as a process, and then make improvements and innovation ongoing and systematic

3. much of management theory is dated and doesn't fit the current realities of organizational life

According to Gary Hamel, yesterday's best practices of organizations can not be creative or adaptable for the business challenges tomorrow.

7 0
2 years ago
The partnership of Brandon and Ryan is being liquidated. All gains and losses are shared in a 3:1 ratio, respectively. Before li
ICE Princess25 [194]
The answers are the following:
a. 
Brandon:
$7,000 + [($10,000/4)×3¿= $8,500
Ryan:
$7,000 + [($10,000/4)×1¿= $7,500

b.
Brandon $7,000
Ryan <span>$7,000</span>
6 0
3 years ago
Read 2 more answers
Treasury stock is:
VashaNatasha [74]

Answer:

a. Common stock acquired by the company in the open market & recorded as negative equity

Explanation:

A stock which is buy back from the market at market rate issued by the company. It reduces the total outstanding shares of the company. It is the difference of Number of share issued and Number of share outstanding. Its account is consider as contra equity account. So the correct option is a. Common stock acquired by the company in the open market & recorded as negative equity.

7 0
2 years ago
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Federal reserve policy to increase the supply of money and hence to lower the interest rate from 6% to 4%, is accomplished by ac
sveticcg [70]
The answer is
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6 0
3 years ago
Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: The semiannual divi
damaskus [11]

Answer:

(a) Annual dividend = Dividend rate × par value ×  number of shares outstanding

                                 = 7% ×  $60 ×  40,000

                                = $168,000

Semi‑annual dividend = \frac{Annual\ dividend}{2}

                                     = \frac{168,000}{2}

                                     = $84,000

(b) Annual dividend = Dividend rate × number of shares outstanding

                                  = $5.20 × 171,600

                                 = $892,320

Arrears of $892,320 are owed for last year as well, so the total dividends owed would be:

$892,320 × 2 years

= $1,784,640

(c) Annual dividend = Dividend rate × stated value × number of shares outstanding

                                 =  4.8% × $100 × 445,000

                                = $2,136,000

Quarterly dividend = = \frac{Annual\ dividend}{2}

                                     = \frac{2,136,000}{4}

                                     = $534,000

8 0
3 years ago
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