Connors corporation acquired manufacturing equipment for use in its assembly line. below are four independent situations relating to the acquisition of the equipment. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.)

a. the equipment was purchased on account for $29,000. credit terms were 2/10, n/30. payment was made within the discount period and the company records the purchases of equipment net of discounts.
b. connors gave the seller a noninterest-bearing note. the note required payment of $31,000 one year from date of purchase. the fair value of the equipment is not determinable. an interest rate of 11% properly reflects the time value of money in this situation.
c. connors traded in old equipment that had a book value of $8,000 (original cost of $18,000 and accumulated depreciation of $10,000) and paid cash of $26,000. the old equipment had a fair value of $4,100 on the date of the exchange. the exchange has commercial substance.
d. connors issued 2,000 shares of its no-par common stock in exchange for the equipment. the market value of the common stock was not determinable. the equipment could have been purchased for $28,000 in cash.

On july 1, 2016, killearn company acquired 103,000 of the outstanding shares of shaun company for $21 per share. this acquisition gave killearn a 40 percent ownership of shaun and allowed killearn to significantly influence the investee's decisions. as of july 1, 2016, the investee had assets with a book value of $6 million and liabilities of $1,468,500. at the time, shaun held equipment appraised at $140,000 above book value; it was considered to have a seven-year remaining life with no salvage value. shaun also held a copyright with a five-year remaining life on its books that was undervalued by $562,500. any remaining excess cost was attributable to goodwill. depreciation and amortization are computed using the straight-line method. killearn applies the equity method for its investment in shaun. shaun's policy is to declare and pay a $1 per share cash dividend every april 1 and october 1. shaun's income, earned evenly throughout each year, was $580,000 in 2016, $606,600 in 2017, and $649,200 in 2018. in addition, killearn sold inventory costing $93,000 to shaun for $155,000 during 2017. shaun resold $97,500 of this inventory during 2017 and the remaining $57,500 during 2018.a. determine the equity income to be recognized by killearn during each of these years. 2016 2017 2018b. compute killearn’s investment in shaun company’s balance as of december 31, 2018.

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate. a. after a long search, jon finds a job. b. tyrion, a full-time college student, graduates and is immediately employed. c. after an unsuccessful job search, arya gives up looking and retires. d. daenerys quits her job to become a stay-at-home mom. e. sansa has a birthday, becomes an adult, but has no interest in working. f. jaime has a birthday, becomes an adult, and starts looking for a job. g. cersei dies while enjoying retirement. h. jorah dies working long hours at the office.

By which distribution system is more than 90 percent of u. s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above