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Organize and interpret the findings of miller corporation

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On January 1, year 1, Miller Corporation promises to "unconditionally" transfer a building that cost $100,000 (appraised recently at $300,000) to Valerie Company on January 1, year 2 for a boat she bought for $250,000. As of December 31, year 2, Miller still has not transferred title to the building, although it received title to the boat. How should Valerie and Miller record these transactions?

Problem 1: Organize and interpret the findings of your research in one to two pages (12-point, double spaced).

Reference no: EM132944466

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