Mathew Corp Exchanged Similar Assets with Simone Company in a Transaction

question 58

Multiple Choice

Mathew Corp exchanged similar assets with Simone Company in a transaction with commercial substance. Mathew gave up equipment that had a net book value of $47,000 (fair value $49,000) and Simone exchanged equipment with a net book value of $36,000 (fair value $35,000) . What is the correct value at which Mathew should record the new equipment?

• A)$35,000
• B)$36,000
• C)$47,000
• D)$49,000

Recognize the necessity of including patient and family input in planning care.

Compare and contrast critical pathways and standardized nursing care plans in terms of their application in clinical settings.

Understand the concept of prosumer capitalism and its impact on the economy and consumers.

Comprehend the evolution of the concept of the body in terms of its social and cultural construction through history.

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Definitions:

Food

Any nutritious substance that people or animals eat or drink to maintain life and growth.

Extended Exposure

A therapeutic technique involving repeated, prolonged contact with a feared stimulus, aiming to reduce anxiety or distress associated with it.

Spontaneous Recovery

A phenomenon of learning and memory that refers to the reemergence of a previously extinguished conditioned response after a period of rest and with no further conditioning.

Extinction

In behavior psychology, the process of reducing or eliminating a conditioned response by discontinuing reinforcement.