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P. Chang & Co. exchanged land and $8,200 cash for equipment. The book value and the fair value of the land were $106,100 and $88,600,
P. Chang & Co. exchanged land and $8,200 cash for equipment. The book value and the fair value of the land were $106,100 and $88,600, respectively. Chang would record equipment and a gain/(loss) of: Equipment Gain/(loss) $106,100 $(17,500). $96,800
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Content Audits And Inventories A Handbook For Content Analysis
Authors: Paula Ladenburg Land
2nd Edition
1937434826, 978-1937434823
