Reba company received $60,000 in cash and used equipment with a fair value of $160,000 from fargo corporation in exchange for reba's existing equipment, which had a fair value of $210,000 and an undepreciated cost of $170,000 recorded on its books. the transaction was undertaken because reba was revising its market strategy and planned to reduce the use of this type of equipment in its production. how much gain should reba recognize on this exchange and at what value should the acquired equipment be recorded, respectively?

gain – $10,000 and equipment – $150,000

gain – $10,000 and equipment – $160,000
gain – $40,000 and equipment – $150,000
gain – $40,000 and equipment – $160,000

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.

Young owners of a sole proprietorship will likely not find financial support available from?

Explain the chemical change the causes corrosion