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Nonmonetary exchange Athens Inc.exchanged machinery with an appraised value of $1,170,000, a recorded cost of $1,800,000 and accumulated depreciation of $900,000, for machinery that Sparta Corp.owns. Sparta's machinery has an appraised value of $1,140,000, a recorded cost of $2,160,000, and accumulated depreciation of $1,188,000.Sparta also gave Athens $30,000 in the exchange. Assume depreciation has been updated to the date of exchange. Instructions
a)Prepare the entries on both companies' books assuming that the transaction has
commercial substance.
b)Prepare the entries on both companies' books assuming that the transaction lacks
commercial substance.
Nonverbal Communication
The process of conveying a message without the use of words, which includes gestures, facial expressions, body language, and other forms of unspoken communication.
High-Context
Communication style where most of the information is either in the physical context or internalized in the person, with little in the coded, explicit part of the message.
Low-Context
A communication style that relies on explicit, direct, and detailed verbal messages for understanding.
Active Listening
A communication technique that involves paying full attention to the speaker, understanding their message, and responding thoughtfully.
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