Lewis company traded machinery with a book value of $950,000 and a fair value of $900,000. it received in exchange from timmons company a machine with a fair value of $1,000,000. lewis also paid cash of $100,000 in the exchange. timmons’s machine has a book value of $950,000. what amount of gain or loss should lewis recognize on the exchange (assuming lack of commercial substance)?

Acustomer has come to your department with an urgent question. you promised her that you would collect information about her question and answer it by noon. it will take you at least 20 minutes to gather the information needed to provide an answer. it is now 11: 50 a.m. your supervisor just scheduled a 30-minute meeting to start at noon. this meeting is for all employees in your department. you decide to:

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?

Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices