A truck costs $ 115 comma 000 when new and has accumulated depreciation of $ 85 comma 000. Suppose Jackson Towing exchanges the truck for a new truck. The new truck has a market value of $ 91 comma 000, and Jackson pays cash of $ 50 comma 000. Assume the exchange has commercial substance. What is the result of this exchange?

Need true or false 1 2 3 4 5 6 7 8

On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e. g., 1,234,567.89)