Answer: Please refer to Explanation
Explanation:
When recording Equipment here the value of the shares at current value should be used and not the cost of the equipment.
DR Equipment $162,250
CR Investment in Pharaoh Company $137,500
CR Gain on Exchange $24,750
(To record Exchange of shares for Equipment)
Workings.
Investment in Pharaoh Company.
= 2,750 shares * $50(purchase price)
= $137,500
Gain on Exchange
= 2,750 shares * (Market Price - Purchase Price)
= 2,750 shares * ( 59 - 50)
= $24,750
Equipment.
= Investment in Pharoah Company + Gain on Exchange
= 137,500 + 24,750
= $162,250
Surveys and Interviews. Hope this helps
Answer:
The correct answer is letter "A": Floor-ready.
Explanation:
Floor-ready merchandise is goods shipped pre-ticketed and tagged according to the sale requirements of a store. The pre-ticketing and tagging of the goods take place before the products reach the destination. This kind of merchandise has the most similar demonstration of the product as if it would have been displayed in the store.
Answer:
The company must invest $ 100,879.85 ( approx )
Explanation:
Let P be the invested amount,
The annul rate, r = 6% = 0.06,
Number of years, t = 5 years,
Thus, the total amount after 5 years,
We have, A = $135,000,
( Using calculator )
Hence, company must invest $ 100,879.85 ( approx )
