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Alamos Co. exchanged equipment and $18,900 cash for similar equipment. The book value and the fair value of the old equipment were $81700 and $90,700,
Alamos Co. exchanged equipment and $18,900 cash for similar equipment. The book value and the fair value of the old equipment were $81700 and $90,700, respectively. Assuming that the exchange has commercial substance, Alamos would record a galn/(loss) of Multiple Choice $9,000 $0. $27.900 $19,000)
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
