Acme inc- and beamer company exchanged like-kind production assets. acme’s asset had a $240,000 fmv and $117,300adjusted tax basis, and beamer’s asset had a $225,000 fmv and a $168,200 adjusted tax basis. beamer paid $15,000 cashto acme as part of the exchange. which of the following statements is true? a. acme’s realized gain is $122,700 and recognized gain is -0-.b. beamer’s realized gain is $56,800 and recognized gain is $15,000.c. acme’s basis in its newly acquired asset is $117,300.d. beamer’s basis in its newly acquired asset is $168,200.

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

About 20 years ago, sturdy light, inc., produced a sturdy, lightweight backpack in a market that was rapidly growing. sturdy light became a leader in this market. eventually, the backpack market reached the maturity stage and slowed down. however, by this time, sturdy light had developed a strong brand name and continued to steadily lead the market. which of the following describes this scenario? a. sturdy light was a star that developed into a cash cow. b. sturdy light was a question mark that developed into a star. c. sturdy light was a dog that developed into a question mark. d. sturdy light was a cash cow that developed into a star.