Question: help solve part B On August 1, Coronado, Inc. exchanged productive assets with Whispering, Inc. Coronado's asset is referred to below as Asset A, and


help solve part B
On August 1, Coronado, Inc. exchanged productive assets with Whispering, Inc. Coronado's asset is referred to below as "Asset A," and Whispering' is referred to as a Asset B The following facts pertain to these assets. (a) Your answer is partially correct. Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Coronado, Inc. and Whispering, Inc. in accordance with generally accepted accounting principles. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the arrnint titles and enter 0 for the amniente 1 Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Coronado, Inc. and Whispering, Inc. in accordance with generally accepted accounting principles. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered
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