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Unformatted text preview: trading up to a larger property by surrendering its existing real estate and paying cash for the difference in fair value. 4.) Guava Computer Corporation, a publicly traded high technology manufacturer, promises to give Golden Gateway University computer equipment to facilitate expansion of GGU’s computer lab in the School of Business. 5.) Parkview Hospital, a 501 (c)(3) organization, purchases an MRI by entering into a 3-year installment sale contract with Illuminar, Inc., the MRI manufacturer. By entering into this sale contract, Parkview also obtain the right to purchase imaging supplies at a 10% discount. 6.) Garth Inc. obtains cash by discounting its receivables on a limited recourse basis. Garth agrees to repurchase accounts that become more than 90 days delinquent provided, however, the aggregate amount repurchased will not exceed 10% of the original cash proceeds....
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This note was uploaded on 11/02/2011 for the course ACCOUNTING 300 taught by Professor Rodhurd during the Fall '11 term at Golden Gate.
- Fall '11