What amount of gain should hinrich recognize, Accounting Basics

+44 141 628 6080
[email protected]

What amount of gain should hinrich recognize

Hinrich Company traded machinery with a book value of $120,000 and a fair value of $200,000. It received in exchange from Noach Company a machine with a fair value of $180,000 and cash of $20,000. Noach's machine has a book value of $190,000. What amount of gain should Hinrich recognize on the exchange?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount of gain should hinrich recognize

Reference No:- TGS077765

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : In the story every little hurricane

in the story "every little hurricane" what did the story tell you about Victor's family?

Q : What cost of the land that should be recorded by seiler co.

The contractor was paid $2,200,000. An assessment made by the city for pavement was $6,400. Interest costs during construction were $170,000.

Q : Overall net operating income of buying part

What would be the impact on the company's overall net operating income of buying part W28 from the outside supplier?

Q : Compute seasonal indices using all of the data

Based on his data and the multiplicative seasonal model, what will the demand level be for Mark's sailboats in the spring of 2012? Compute seasonal indices using all of the data.

Q : What amount of gain should hinrich recognize

Q : To be a king, and wear a crown

To be a King, and wear a Crown, is a thing more glorious to them that see it, than it is pleasant to them that bear it: for my self, I never was so much enticed with the glorious name of a King, or the royal authority of a Queen

Q : What average accumulated expenditures were

Sweet Knee Company is constructing a building. Construction began in 2008 and the building was completed 12/31/08. Sweet Knee made payments to the construction company of $1,000,000 on 7/1, $2,100,000 on 9/1, and $2,000,000 on 12/31.what Average a

Q : Find net present value and internal rate of return

Yearly expenditure $200 and net revenues $40,$60 $70 $80, for the years 1,2,3 4 ,use 15% discount factor to find net present value and internal rate of return.

Q : The state capitol so amazing? from the poem a voice

why was moras mothers ability to deliver a speech in the state capitol so amazing? from the poem "A Voice"

1931456

Questions
Asked

3,689

Active Tutors

1420243

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount of gain should hinrich recognize

Reference No:- TGS077765

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : In the story every little hurricane

Q : What cost of the land that should be recorded by seiler co.

Q : Overall net operating income of buying part

Q : Compute seasonal indices using all of the data

Q : What amount of gain should hinrich recognize

Q : To be a king, and wear a crown

Q : What average accumulated expenditures were

Q : Find net present value and internal rate of return

Q : The state capitol so amazing? from the poem a voice

General rule the of a virgin is tight and the rugosities are

What would be a measurable goal for fluid volume deficit

Appearance of the face is indicative of approaching death

Problem regarding attention-deficit/hyperactivity disorder

What nurse recommend to ensure clients nutritional status

History from an older adult patient in an outpatient clinic.

Problem about diagnosis of irritable bowel syndrome

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount of gain should hinrich recognize

Reference No:- TGS077765

Recent Questions Asked Accounting Basics

Q : In the story every little hurricane

Q : What cost of the land that should be recorded by seiler co.

Q : Overall net operating income of buying part

Q : Compute seasonal indices using all of the data

Q : What amount of gain should hinrich recognize

Q : To be a king, and wear a crown

Q : What average accumulated expenditures were

Q : Find net present value and internal rate of return

Q : The state capitol so amazing? from the poem a voice

Asked Questions