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I need help on the red boxes.. I tried 63,600 and 101,760 but didnt worked.. I'll give thumbs up On August 1, Swifty, Inc, exchanged
I need help on the red boxes.. I tried 63,600 and 101,760 but didnt worked.. I'll give thumbs up
On August 1, Swifty, Inc, exchanged productive assets with Nash, Inc. Swifty's asset is referred to below as "Asset A," and Nash' is referred to as "Asset B:" The following facts pertain to these assets. Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Swifty, Inc. and Nash, Inc. in accordance with generally accepted accounting principles. (Do not round intermedlate calculations, Round final answer to 0 decimal ploces es. 58,971. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, On August 1, Swifty, Inc, exchanged productive assets with Nash, Inc. Swifty's asset is referred to below as "Asset A," and Nash' is referred to as "Asset B:" The following facts pertain to these assets. Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Swifty, Inc. and Nash, Inc. in accordance with generally accepted accounting principles. (Do not round intermedlate calculations, Round final answer to 0 decimal ploces es. 58,971. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required Step by Step Solution
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