Rene Exchanged Similar Assets with Simone Company in a Transaction

question 29

Multiple Choice

Rene exchanged similar assets with Simone Company in a transaction with commercial substance. Rene 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 Simone should record the new equipment?

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

Recognize the effects of substance use on brain function and behavior.

Describe the components and relevance of Brickman's Model in addiction counseling.

Understand the role of lipid-soluble and water-soluble compounds in drug movement in the body.

Explain the neuropsychological perspective on addiction, development, and relapse.

---

Definitions:

Contingency Approaches

Management theories suggesting that the best way to handle any situation depends on the specifics of the environment and circumstances.

Normative Theories

Theories that provide guidelines or frameworks for understanding how media should operate in society based on ethical values and principles.

Laissez-faire Leadership

A leadership style where the leader takes a hands-off approach, allowing team members to make decisions and solve problems on their own.

Trait Approach

A perspective in psychology that focuses on the identification and measurement of specific characteristics that differentiate individuals.