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Assoli18 [71]
2 years ago
6

Wolf Computer exchanged a machine with a book value of $40,000 and a fair value of $45,000 for a very similar machine. In additi

on, Wolf paid $6,000 as part of the exchange. Wolf should recognize:
Business
1 answer:
fgiga [73]2 years ago
6 0

Answer:

gain of $5,000

Explanation:

Wolf's gain = fair market value - book value = $45,000 - $40,000 = $5,000

a company must determine the gain or loss of an exchange transaction using the asset's book value and comparing it against its fair market value. If the FMV is higher than the book value, the company will recognize a gain. If the FMV is lower than the book value, then the company will recognize a loss.

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harina [27]

Answer:

= 8.89%

Explanation:

T<em>h rate of return on a preferred stock is the dividend divided by the price of the stock multiplied by 100</em>

<em>Return = Dividend/price × 100</em>

Quarterly dividend = $1

<em>Annual dividend </em>

= 1 × 4 ( Note there are four quarters in year)

= $4

<em>Annual rate of  return</em>

= (4/45)× 100

= 8.89%

5 0
3 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes the followi
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Answer:

$555,900

Explanation:

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3 years ago
Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of $80 per bag and an ordering cos
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I don't what the answer is but I will look for it

3 0
2 years ago
Please help
nika2105 [10]

Answer:

One is lower risk

Explanation:

8 0
3 years ago
An accountant increases the price he charges for his services by 2 percent. In​ response, the demand for his services decreases
Rashid [163]

Answer:

Decrease

Explanation:

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