Organizational Behavior
Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Chapter 8.4, Problem 1CC

What is the best appraisal system for organizations to adopt?

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Ansari Basketball Inc. had a player contract with Rodriguez that is recorded in its books at $3,500,000 on July 15, 2022. Delta Basketball Inc. had a player contract with Williams that is recorded in its books at $4,200,000 on July 15, 2022. On this date, Ansari traded Rodriguez to Delta for Williams and paid a cash difference of $800,000. The fair value of the Williams contract was $5,300,000 on the exchange date. The exchange had no commercial substance. After the exchange, the Williams contract should be recorded in Ansari's books at $ __? Answer
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