Waterway Inc. and Carla Vista Co. have an exchange with no commercial substance. The asset oiven up by Waterway Inc. has a book value of $35500 and a fair valiue of 90500. e asset given up by Carla Vista Co. has a book value of $120500 and a fair value of $105500. Boot of $25500 is recelved by Carla Vista Co What amount should Waterway Inc. record for the asset received? A. $ 90500
B. $105500
C. $120500
D. $81000

B. $105500

Explanation:

Calculation for What amount should Waterway Inc. record for the asset received

Asset received=$90,500+($120,500-$105,500)

Asset received=$90,500+$15,000

Asset received=$105,500

Therefore the amount that Waterway Inc. should record for the asset received is $105,500

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.