Bloomington Inc. exchanged land for equipment and $3,300 in cash. The book value and the fair value of the land were $104,600 and $88,900, respectively. 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. $ 85,600 $ 3,300 b. $ 104,600 $ (3,300 ) c. $ 85,600 $ (15,700 ) d. None of these answer choices are correct.
Multiple Choice

Option A


Option B


Option C


Option D

Answers

Answer 1

The Loss and Cost of the account is :

Option C (Cost: 85,600 and Loss ($15700)

This is further explained below.

What is Loss?

Generally, A cost is the worth of the money that has been spent in the process of producing something or delivering a service, and as a result, it is no longer accessible for use.

This concept is utilized in manufacturing, research, retail, and accounting. In the world of business, a cost may refer to a purchase, in which case the sum of money spent on the item in question is considered to be the cost of the item.

When employed as a noun, the term "loss" refers to a specific incident of loss, such as a defeat.

When employed as a verb, the term "lose" refers to the action of causing someone or something to stop being in one's own or capabilities as a result of unfortunate or unforeseen situations, events, or causes.

In conclusion,

Particulars                                      Amount

 Fair value                                      88,900

Less: book value                              104,600

      Loss                                            -15700

Cost: (    88,900 -3,300cash) =85,600

Option C (Cost: 85,600 and Loss ($15700)

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Related Questions

Lake Incorporated purchased all of the outstanding stock of Huron Company paying $969,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value Current assets (net) $ 130,900 $ 124,000 Property, plant, equip. (net) 606,000 763,000 Liabilities 151,400 177,000 Lake would record goodwill of: Multiple Choice $383,500. $259,000. $82,000. $0.

Answers

Lake Incorporated would record goodwill of B. $259,000.

What is purchased goodwill?

The purchased goodwill that Lake Incorporated will record is the difference between the purchase price of Huron and Huron's net fair value.

The net fair value is the difference between the fair value of its assets and its liabilities.

The net fair value does not refer to the book value of the assets and liabilities.

Cash Payment for Huron Company = $969,000

                                            Book Value     Fair Value

Current assets (net)              $130,900       $124,000

Property, plant, equip. (net)  606,000         763,000

Total assets                         $736,000       $887,000

Liabilities                                 151,400          177,000

Net Value                           $584,600        $710,000

Difference between purchase value and net fair value = $259,000 ($969,000 - $710,000)

Thus, Goodwill of $259,000 would be recorded.

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This element of visual design indicates if it is daytime or night in film

Answers

The element of visual design indicates if it is daytime or night in film is lightning.

How to illustrate the information?

The photographic visual design elements are light, line, shape, texture, and perspective. A photographer's of film maker's primary tool is light. Two different types of contrast that are produced by light help to highlight the other line and form design components in a photograph's composition. Contrast in hue and contrast in brightness are the two types of contrast.

Through the thoughtful use of graphics, colors, typefaces, and other aspects, visual design focuses on the aesthetics of a website and the materials that go with it. Successful visual design does not detract from the page's purpose or content. Lightning is important to illustrate the brightness.

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balance is created when unequal visual forces create a dynamic
compositional balance.
Asymmetrical
Symmetrical
Obvious
Radial

Answers

Jdjdjcjddhsjjsjsjsjxkxkckcjcjc

Which of the following brings more value to Mussorgsky's work, "Pictures at an Exhibition?"
A. It brought music and art together
B. Many of Hartmann's original pictures no longer exist
C. It complimented Hartmann's work
D. It used a variety of instruments

Answers

Answer:

I think its C

Explanation:

Sorry if Im wrong

When recording sounds, if there are unclear sounds and hissing, your microphone is probably______.
A. Too far away
B. Perfectly placed
C. Broken
D. Too close

Answers

When recording sounds, if there are unclear sounds and hissing, your microphone is probably too far away.

Hence, the correct option is A.

When a microphone is positioned too far from the vocalist, the surrounding background noise is picked up by the microphone. This results in a recording that sounds muddled, disorganised, or just soft.

The majority of the time, the sound quality will improve as you get closer to the microphone. Your voice will sound warmer, richer, and more like the voice you use when speaking. This explains why it's common to observe professional vocalists singing at close range with their mics.

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1. Observation skills in visual art can help you understand people who
O A. live in your community.
O B. you naturally connect with.
O C. don't share your identity.
O D. share your culture.

Answers

Answer:I think b

Explanation:

For you personally, how does your understanding of imagination and creativity relate to your understanding of the nature of reality (of God, the world, yourself, etc.)?

Answers

Answer:   This answer depends on your personal perspective, beliefs, views, religions, and ideals. I can provide a more generalized answer, but relating it to yourself requires additional introspection.

The imagination creates a spacious narrative for our past and for the present. It is a place where we can be absolutely free. Valuing our creative imaginations is essential to our society. Artists offer Vision, Invention, Imagination, and Original thinking, all the aspects of human beings that help us evolve.

Imagination conveys truths that reality hides and stimulates us to create new knowledge. Many scientific discoveries would not have been made without imagination. Problem-solving is often the result of creative imagination as well.

Our understanding and perception of religion and the world are often crafted by imagination since we cannot always experience it physically. For example, you may not be able to travel to France, but by watching online videos and using your imagination, you may be able to visualize seeing the Eifel Tower. With religion, it often requires imagination to visualize and support what you believe.

Explanation:

When recording sounds, if there is a popping noise from hard syllables, your microphone is probably________.
A. Too close
B. Too far away
C. Perfectly placed
D. Broken

Answers

Answer:

B too far away

Explanation:

not very sure although

Emily Watson launched her career in a series of movies about a boy. What is the boys name?

Answers

Answer:

I belive the answer is Jackie

Emily Watson launched her career in a series of movies about a boy. Jackie, is the boy's name.

What is career?

The term career is related to the experience and knowledge gain in person life. The career are set is beneficial for person in future life. Career are built with the help of different courses. The career built with the help of good education, developed skills, and more experience of work life. A person career are create good personality.

Emily Margaret Watson OBE began her career in a series of films about boys. Little Boy is inspired on the genuine account of how Jesus changed the result of World War II by bestowing magical powers on an eight-year-old boy, but it's a little more racist. Jacqueline de Pre in Hilary and Jackie (1998), for which she received the British Independent Film Best Actress Award.

As a result, the Jackie, is the boy's name

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Match the descriptive words or phrases with the different elements of music as found in Britten's Young Person's Guide to the Orchestra
Theme and variations________________
Full orchestra _____________________
Marching Band ____________________
Homophonic throughout _____________
Ternary (A-B-A) ___________________
Homophonic at the beginning and polyphonic
________________________________
at the end based on a Barque tune ________

Answers

The descriptive words or phrases matched with the different elements of music as found in Britten's Young Person's Guide to the Orchestra is given as follows:

Theme and variations- FormFull orchestra - Performing forcesMarching Band rhythmHomophonic throughout texture Ternary (A-B-A) FormHomophonic at the beginning and polyphonic at the end TextureBased on a Barque tune Melody.What is Britten's Young Person's Guide to the Orchestra?

The Young Person's Guide to the Orchestra, Op. 34, by Benjamin Britten, is a 1945 musical piece with the subtitle Variations and Fugue on a Purcell Theme. It was inspired by the Abdelazer suite's second movement, "Rondeau."

The Young Person's Guide to the Orchestra by Benjamin Britten was initially intended to teach youngsters about all of the various instruments in the orchestra. The concertmaster is the orchestra's highest-ranking leader, second only to the conductor and music director in terms of power (who may be the same person).

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Which of these states was once part of the Northwest Territory?

Answers

Ultimately, five states—Ohio, Indiana, Illinois, Michigan, and Wisconsin—were organized from the territory, and a small part, the land lying between the St.

Electric instruments make sounds which are then muffled electronically.
A. True
B. False, electric instruments don't make sounds.
C. False, electric instruments make sounds which are then amplified electronically.
D. False, electric instruments make sounds which are then duplicated.

Answers

False, electric instruments make sounds which are then amplified electronically is the correct option.

what is Electronic musical instrument?An electrophone, often known as an electronic musical instrument, is a musical instrument that uses electronic circuitry to make sound. An electrical, electronic, or digital audio signal is produced by such an instrument, and it is finally connected to a power amplifier, which drives a loudspeaker to produce the sound that the artist and audience hear.An electronic instrument might have a user interface for altering the pitch, frequency, or duration of each note to alter the sound.The musical keyboard, which performs similarly to the keyboard on an acoustic piano but lacks sound when it's an electronic keyboard, is a typical user interface. A synthesizer module, computer, or digital sound generator receives a signal from an electronic keyboard and uses it to produce sound.

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you thought I was feelin you?

Answers

Answer: That n a munch

Explanation:

Yes, and pls don’t break my heart

Which design field is constantly
evolving with technology and has
become the advertising industry
standard in the 21st century?
A. Fashion
B. Computer-based
C. Interior

Answers

Answer:

it would be

Explanation:

C!

In both the human eye and the camera, light enters a narrow opening and is
projected onto a photosensitive surface.
True
False

Answers

Answer: True

Explanation:

Julio is a very talented artist. He loves the idea of designing movie posters and has been learning the computer programs that he will need for a career in graphic design. He has an interview for an entry-level position, and he brought his portfolio with some of his best work. At the interview, his potential employer lets him know that they liked his technique, but their firm has a different style and they would want him to replicate it. What would be the BEST response that Julio could give in this situation

Answers

The hierarchy refers to how the pieces are arranged for a poster display. A poster's attraction to the spectator is aided by everything from color and contrast to negative space and letter spacing.

What exactly do poster artists do?

Daily tasks for poster designers may include:Having a meeting with clients to discuss upcoming eventsProducing artwork in response to client requestsUsing social media to promote their artscreen printing coordinationdelivering printed posters to customers under time constraintsFor online advertising, creating digital versionsPitch collaborations with regional music venues, brewers, festivals, and other organizations.

Does graphic design also apply to posters?

Graphic design includes poster design. Graphic design is used by poster artists, who typically have more freedom and flexibility than those who use more conventional marketing strategies. The emphasis on digital advertising at the moment presents chances for interaction and dynamic designs that can reinvent poster art.

The following are some parallels between graphic design and poster design:

1. When creating their designs, graphic and poster artists must take the end in mind.

2. Designs need to appeal to the intended audience.

3. The client's brand must be echoed in the colors, graphics, font, and format.

4. Using best principles for graphic design can help guarantee aesthetically pleasant results, including visual hierarchy, high-resolution pictures, and precise alignment.

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When improvising a new melody, you should use non-harmony notes on the strong beats of the bar and join them together with notes of the triad.
A. True
B. False, you should use the notes of the triad on the weak beats of the bar.
C. False, you should use notes of the triad on the strong beats of the bar and join them together with non-harmony notes.

Answers

It is true that when improvising a new melody, you should use non-harmony notes on the strong beats of the bar and join them

What is musical improvising?

This involves an individual composing a song or music melody and also recording.

When improvising songs the individual can harmonize sounds. Non-harmony notes can be used for this purpose, as it helped to analyze harmony that comes form a song.

Therefore, the use non-harmony notes on the strong beats of the bar is important in improvising a new melody.

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Which phrase best describes a motet

Answers

A composition with original Melodie’s composed to secular texts

Implements, vessels or instruments used in a household and especially a kitchen.

Answers

Utensils are any vessels or equipment used in a home, particularly a kitchen.

What are some examples of utensils?

A compact hand-held tool used for food preparation is referred to as a kitchen utensil. Baking, grinding, mixing, blending, and measuring are common kitchen chores; specific utensils are designed for each. Other common kitchen tasks include cutting food items to size and heating food over an open flame or on a stove.

A tool you can hold in your hand and use around the house is a utensil. The knives, forks, and spoons that we hold in our hands and use to eat are referred to as common utensils in the kitchen. The Latin word utensilia, which means "items for use," is where the word utensil derives. A writing instrument is a pen. A spatula is a tool used in cooking.

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The music industry utilizes editors in
which of the following ways?
A. musicians
C. performances
B. videos
D. lyrics

Answers

The answer definitely will be B videos

A group of "upper class" composers who often performed music for the noble courts is known as:
A. Jongleurs
B. Chanters
C. Minstrels
D. Troubadours

Answers

Answer:

D. Troubadours

Explanation:

Some were actually knights.

Horton Stores exchanged land and cash of $5,300 for similar land. The book value and the fair value of the land were $88,000 and $101,900, respectively. Assuming that the exchange has commercial substance, Horton would record land—new and a gain/(loss) on exchange of assets in the amounts of: Land Gain/(loss) a. $ 107,200 $ 0 b. $ 107,200 $ 13,900 c. $ 93,300 $ 0 d. $ 93,300 $ 13,900 Multiple Choice Option A Option B Option C Option D

Answers

Horton would record land—new and a gain/(loss) on the exchange of assets in the amounts of Option C, $ 93,300 $ 0 Option C

This is further explained below.

What are assets?

Generally, Any resource that is held or managed by a company or another economic body is considered an asset in the context of financial accounting.

It refers to everything that has the potential to be used in a manner that results in an increase in economic value.

The value that may be realized from ownership of an asset can be realized in monetary form.

In conclusion, Because it is stated in the inquiry that the exchange does not have any commercial substance, this is the reason why profits need to be recognized despite the fact that the transaction does not anticipate any modification in future cash flow.

x= ($88,000+$5300)

x= $94,400

Where gain/(loss) is at $ 0

Option C, $ 93,300 $ 0

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The arch can define large spaces because
-it can carry heavy loads
-it can only be made of stone
-it does not depend solely on the -tensile strength of its materials
-it acts as a bridge

Answers

Answer:

-it does not depend solely on the -tensile strength of its materials

Explanation:

Hope this helps.

Which of the following would best describe an example of “word painting”?
A. Describing a portrait of Beethoven in the lyrics to a song
B. Painting a picture while singing a piece of music
C. Moving your arms in a circle while saying “round and round”
D. Going down a scale and lowering the pitch as the singer says “going down”

Answers

Answer:

D. Going down a scale and lowering the pitch as the singer says "going down"

Explanation:

It fits the definition of word-painting

D because it’s using a play on words, it would be the same as making the pitch higher when the singer says going up.

Which answer correctly names the pitches on the staff in order
from left to right?
• E, B, F, A
O F, C, G, B
O D, A, E, G
O G, D, A, C

Answers

F, C, G, B name the pitches on the staff in order from left to right.

What are pitches?Pitch is a perceptual characteristic of sounds that enables their classification on a scale based on frequency. More frequently, the pitch is the ability to classify sounds as "higher" and "lower" in the meaning associated with musical melodies.The first seven letters of the Latin, Roman, English, etc. alphabet—A, B, C, D, E, F, and G—are used to identify each pitch in one of the most used pitch-naming schemes.The lowest frequency is represented by the pitch "A," and the highest by the pitch "G."Western music uses 12 notes, including C, D, E, F, G, A, and B, as well as five sharps and flats that correspond to those notes: C sharp/D flat, D sharp/E flat, F sharp/G flat, G sharp/A flat, and A sharp/B flat.

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space exploration and the four lenses of liberal arts

Answers

Answer:

There are four lenses of space exploration: Social Science, Natural Science, History, and Humanities.

The History lens provides astronomers with a view of occurrences that happened during various periods in the past.

The Humanities lens enables scientists to study human culture.

The Natural Science Lens is quantitative and proven through testing.

The Social Science Lens is the study of human behaviors. It explores society and how people relate to each other

Explanation:

Hope this helps.

In space exploration the four lenses of liberal arts are social science, natural science, humanities and history. This can help in expanding their views and thinking.

What do you understand by the space exploration?

Space exploration is the study of the reaches of the cosmos beyond Earth's atmosphere using crewed and uncrewed spacecraft, with the goal of advancing humankind's understanding of the cosmos.

NASA and ESA started a programmed to talk about orbital debris study in 1987. Meetings with China, the Soviet Union, and Japan were also held.

In 1989, a working committee from a government agency drafted the first report on orbital debris for the US government. The US should coordinate debris with other countries and pertinent international bodies, according to this report's recommendation.

Hence, in space exploration the four lenses of liberal arts are social science, natural science, humanities and history.

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An important element in creating a strong foundation and consistency in hair cutting and creating shapes is the use of

Answers

Answer: Angles (using combs in hair cutting)

Explanation:

Angles play a crucial role in establishing a solid foundation and maintaining stability.

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Ice has ________ energy.
1. mechanical
2. cold
3. heat

Answers

Answer:

3. Heat

Explanation:

Thermal Energy as Molecular Movement Heat is kinetic energy — the higher the temperature of a substance, the faster and farther its molecules move. For example, as heat transfers into the ice, the ice molecules move faster and eventually the ice melts.

Hope this helps.

Answer:

HEAT

Explanation:

The Roman Catholic service that symbolically reenacts the Eucharist, or communion:
A. The divine office
B. Vespers
C. Matins
D. The mass

Answers

Option (D) The mass is correct.

The Roman Catholic service that symbolically reenacts the Eucharist, or communion is the mass.

What is  Eucharist?The Eucharist, which is also referred to by the names Holy Communion and the Lord's Supper among others, is a Christian ceremony that is regarded as an ordinance in some churches and as a sacrament in others.A crucial component of Christian worship has been the Eucharist. It is a commemoration act, according to all Christians, in which the church remembers the person, words, and deeds of Jesus Christ by partaking of bread and drinking wine (or water or grape juice for certain Protestants).Due to its association with life, bread is a symbol of the Eucharist. Because Jesus oversaw the act of breaking the bread, we now regard the bread as representing the body of Jesus, so it serves as another symbol. Shared life is the focus of the Communion Rite.

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which is a characteristic of cha-cha dance​

Answers

The Cha Cha dance is characterized by intricate foot movement, quick spins, strong hip movement, sharp action, and staccato, all this done to Latin American Cha Cha music. The Cha-Cha-Cha is a lively, playful, and groovy social dance.

Answer: vibrant, flamboyant and playful dance

Explanation:

the light and bubbly feel of the cha cha dance gives its unique since of fun

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