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Bloomington Inc. exchanged land for equipment and $3,900 in cash. The book value and the fair value of the land were $104,100 and $89,900, respectively. Problem 1: Assuming that the exchange has commercial substance, Bloomington would record equipment and a gain/(loss) on exchange of assets in the amounts of: Equipment Gain/(loss)
a.$86,000 $3,900 b.$104,100 $(3,900)c.$86,000 $(14,200)
Malcom Jones has 40% invested in Stock A with the rest invested in Stock B. Calculate the standard deviation of the portfolio
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Flam Co. reported a retained earnings balance of $400,000 at December 31, 2014. In August, 2015, Flam determined that insurance premiums of $60,000 for the three-year period beginning January 1, 2014, had been paid and fully expensed in 2014. Flam ha..
What is the next dividend to be paid by Ooreedo? Ooreedo Corporation is currently selling a preferred share for $140. Investors anticipate that annual dividend
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Maris Company accumulates the following sales data for its product, Garden-Tools-Prepare a static budget report for the quarter.
Most people view debt in a negative light. However, with a little balance, debt can be beneficial. Discuss the benefits and drawbacks of corporate debt
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