valuation of equipment exchange, theory approach no calculations

Project Description:

adams company and wiggins company traded machines.


a. how would adams company calculate its gain or loss on this exchange?

b. assume this exchange results in a loss for adams company and that the exchange has commercial substance. would adams company recognize this loss? why or why not?

c. assume this exchange results in a loss for adams company and that the exchange lacks commercial substance. would adams company recognize this loss? why or why not?

d. assume that no cash is involved in this exchange, that the exchange lacks commercial substance, and that the exchange results in a gain for adams company. would adams company recognize this gain? if so, how would the gain be calculated?

e. assume that no cash is involved in this exchange, that the exchange has commercial substance, and that the exchange results in a gain for adams company. would adams company recognize this gain? if so, how would the gain be calculated?

f. assume that adams company receives cash in this exchange, that the exchange has commercial substance, and that the exchange results in a loss. would adams company recognize this loss? if so, what portion?

g. assume that adams company receives cash in this exchange, that the exchange lacks commercial substance, and that the exchange results in a loss. would adams company recognize this loss? if so, what portion?

h. assume that adams company receives cash in this exchange, that the exchange has commercial substance, and that the exchange results in a gain. would adams company recognize this gain? if so, what portion?

i. assume that adams company receives cash in this exchange, that the exchange lacks commercial substance, and that the exchanges results in a gain. would adams company recognize this gain? if so, what portion?

j. assume that adams company pays cash in this exchange, that the exchange has commercial substance, and that the exchange results in a loss. would adams company recognize this loss? if so, what portion?

k. assume that adams company pays cash in this exchange, that the exchange lacks commercial substance, and that the exchange results in a loss. would adams company recognize this loss? if so, what portion?

l. assume that adams company pays cash in this exchange, that the exchange has commercial substance, and that the exchange results in a gain. would adams company recognize this gain? if so, what portion?

m. assume that adams company pays cash in this exchange, that the exchange lacks commercial substance, and that the exchanges results in a gain. would adams company recognize this gain? if so, what portion?
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Price Type: Negotiable

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