Business, 05.12.2019 06:31 brodycruce

On january 1, 2014, fishbone corporation sold a building that cost $260,300 and that had accumulated depreciation of $105,700 on the date of sale. fishbone received as consideration a $249,400 non-interest-bearing note due on january 1, 2017. there was no established exchange price for the building, and the note had no ready market. the prevailing rate of interest for a note of this type on january 1, 2014, was 9%. at what amount should the gain from the sale of the building be reported? (round factor values to 5 decimal places, e. g. 1.25124 and final answer to 0 decimal places, e. g. 458,581.)

the amount of gain should be reported

$

on january 1, 2014, fishbone corporation purchased 330 of the $1,000 face value, 9%, 10-year bonds of walters inc. the bonds mature on january 1, 2024, and pay interest annually beginning january 1, 2015. fishbone purchased the bonds to yield 11%. how much did fishbone pay for the bonds?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:30

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

Answers: 2

Answer

Business, 22.06.2019 10:00

Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrie’s company dealing with? carrie’s company is dealing with a/an economy.

Answers: 2

Answer

Business, 22.06.2019 10:50

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?

Answers: 3

Answer

Business, 22.06.2019 23:00

The quinoa seed is in high demand in wealthier countries such as the u.s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.

Answers: 3

Answer

You know the right answer?

On january 1, 2014, fishbone corporation sold a building that cost $260,300 and that had accumulated...

Questions