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
oksano4ka [1.4K]
3 years ago
11

Colt Football Co. had a player contract with Watts that is recorded in its books at $5,600,000 on July 1, 2014. Day Football Co.

had a player contract with Kurtz that is recorded in its books at $7,000,000 on July 1, 2014. On this date, Colt traded Watts to Day for Kurtz and paid a cash difference of $700,000. The fair value of the Kurtz contract was $8,400,000 on the exchange date. The exchange had no commercial substance. After the exchange, the Kurtz contract should be recorded in Colt's books at
Business
1 answer:
vlada-n [284]3 years ago
7 0

Answer:

the amount after the exchange is $6,300,000

Explanation:

The computation of the amount after the exchange is as follows;

= Book value + cash paid

= $5,600,000 + $700,000

= $6,300,000

Since it has no commerical substance so no loss or no gain is recorded

hence, the amount after the exchange is $6,300,000

Therefore the same is to be considered

You might be interested in
Priscilla is in the 8th grade. her group of friends has recently started shoplifting at departmental stores. according to resear
Igoryamba
Either join, grow more susceptible to stealing, or get caught with them even if she didn't join.
7 0
3 years ago
Many new restaurants have opened in collegetown in recent years. given this change in supply, what type of demand would result f
melamori03 [73]
The answer is Inelastic Demand. Hope this helps!!!
Have a great day!!

6 0
3 years ago
In a ________ economy, the government is minimally involved in the functioning of the economy but does act to protect consumers
yanalaym [24]

Answer:

mixed

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Command economy.

II. Free market economy.

III. Traditional economy.

IV. Mixed economy.

A mixed economy can be defined as a type of economy in which the government of a particular country is minimally involved in the allocation and production of goods and services while protecting the interest of the consumers and regulating the market by establishing laws.

Hence, when the government is minimally involved in the economic functioning of her country but does act to protect consumer interests and impose some regulations or sanctions on the market, this is referred to as a mixed economy.

3 0
3 years ago
Read 2 more answers
According to lan Redpath and Robert Lickwar, which of the following is correct regarding calculation of the business interest li
finlep [7]

Answer:

B, For a partnership, it is calculated at the entity level.

Explanation:

For a partnership, it is calculated at the entity level. This is to ensure that double income computation is avoided.

3 0
3 years ago
Review each of the investment opportunities provided by earll investments and pima financial trading. in a three paragraph essay
Juli2301 [7.4K]

In writting the three-paragraph essay (a minimum of 4-5 sentences), you must consider the structure of the essay considering the introduction body and conclusion.

<h3>What is an essay?</h3>

Generally, An essay is a piece of writing meant to persuade someone of anything or merely to enlighten the reader on a certain subject.

In conclusion, considering the three criteria to be addressed; "which investment opportunity is more likely to be fraudulent" you look at the investment opportunities with the most discrepancy.

For "what are the true risks of investment with this company, and does the company accurately describe these risks", you look at  investment opportunities books and the former deals and investments done, and use it as reference

Finally for "what are the potential returns on an investment, and does the company accurately describe these returns",  you look at the returns on investments by earll investments.

Read more about Interest in investment

brainly.com/question/2455673

#SPJ4

6 0
2 years ago
Other questions:
  • A 14 kg cannon ball is fired from a cannon with muzzle speed of 1319 m/s at an angle of 19.1 ◦ with the horizontal. The accelera
    7·1 answer
  • Sam has $65 to spend on clothes. he wants to buy a pair of jeans for $29 and spend the rest on t-shirts. each t-shirt costs $9.
    5·1 answer
  • The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It
    7·1 answer
  • The company has a target capital structure of 40% debt and 60% equity. Bonds pay 10% coupon (semi-annual payout), mature in 20 y
    11·1 answer
  • Sarah owns half of Smith Realty, Inc., and her brother Bill owns the other half. Sarah routinely uses the company car, which is
    14·2 answers
  • Occupational fraud comes in many shapes and sizes. The fraud at Rite Aid is one such case. On February 10, 2015, the U.S. Attorn
    9·1 answer
  • Suppose that as a result of a housing price​ decline, the value of the​ bank's securitized assets falls by an uncertain​ amount,
    10·1 answer
  • Aamir is preparing a research paper. he needs to insert a parenthetical reference that gives credit to the source of a quotation
    5·1 answer
  • To evaluate _____, a systems analyst needs information about projected future volume for all outputs, inputs, and processes.
    10·1 answer
  • At a sale of polarizing sunglasses, there is a half-price special on some glasses with lenses that have a horizontal polarizatio
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!