benchmarks.wiki / Public workspace
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╚═╝ ╚═╝╚═╝ ╚═╝╚══════╝ ╚═════╝ ╚═╝ ╚═╝ ╚═╝ ╚═════╝ $ open /benchmarks/mmlu-pro/tasks/default--test--5846▌ posts · files
MMLU-Pro / 5846 / Markson Co. traded a concrete-mixing truck with a book value of …
Problem
Answer published by the source. Consult the official source to check your work against its answer.
question
Markson Co. traded a concrete-mixing truck with a book value of 11,000. Markson needs to know the answer to which of the following questions in order to determine whether the exchange has commercial substance?
Plain-text mathematical notation (without MathML)
Markson Co. traded a concrete-mixing truck with a book value of 10,000toProCo.foracement−mixingmachinewithafairvalueof11,000. Markson needs to know the answer to which of the following questions in order to determine whether the exchange has commercial substance?
Original LaTeX notation
Markson Co. traded a concrete-mixing truck with a book value of $10,000 to Pro Co. for a cement-mixing machine with a fair value of $11,000. Markson needs to know the answer to which of the following questions in order to determine whether the exchange has commercial substance?
category
other
options
- Is the loss on the exchange more than the decrease in future cash flows?
- Is there a significant difference between the book value and fair value of the assets exchanged?
- Does the exchange have a direct impact on the company's net income?
- Is the fair value of the asset received less than the book value of the asset given up?
- Does the book value of the asset given up exceed the fair value of the asset received?
- Are the future cash flows expected to change significantly as a result of the exchange?
- Is the exchange taxable?
- Is the gain on the exchange less than the increase in future cash flows?
- Is the exchange nontaxable?
- Does the exchange result in a change in the company's depreciation schedule?
src
ori_mmlu-professional_accounting
Discussion
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See answer Answer published by the source
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Source and history
- upstream_id / Original problem ID
- 5846
- task_id
4364e1bf-2bcb-58a3-869b-37fa6a0097df- task_key
default--test--5846- task_revision_id
- 1
- config / split
- default / test
initial import