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USCPA ?過去問 Fixed asset Inventory exchange

これもよくわからない問題だなあ。。。

Yola Co. and Zaro Co. are fuel oil distributors. To facilitate the delivery of oil to their customers, Yola and Zaro exchanged ownership of 1,200 barrels of oil without physically moving the oil. Yola paid Zaro $30,000 to compensate for a difference in the grade of oil. On the date of the exchange, cost and market values of the oil were as follows:

 Yola Co.Zero Co.
Cost $100,000 $126,000
Market values 120,000 150,000

In Zaro's income statement, what amount of gain should be reported from the exchange of the oil?

  • $0
  • $ 4,800
  • $24,000
  • $30,000

 

とりあえず計算方法としては、

30000 compensation / 150000 Market value of Zero oil 

= 0.2 

 

0.2 x (150000 - 126000)<-- potential gain = 4800