solved:DWAYNE COMPANY and EAGLE COMPANY agreed to exchange a set o

  

DWAYNE COMPANY and EAGLE COMPANY agreed to exchange a set of…DWAYNE COMPANY and EAGLE COMPANY agreed to exchange a set of machinery wherein DWAYNE COMPANY would likewise pay EAGLE COMPANY P60,000. The cash configuration of the exchange was identified to be significantly different. The carrying values and fair values of the machineries are in the attachmentFINDa. Initial measurement of the machinery to DWAYNE COMPANYb. Initial measurement of the machinery to EAGLE COMPANYc. Gain/loss to be reported in the P&L section by DWAYNE COMPANY in relation to the exchange isd. Gain/loss to be reported in the P&L section by EAGLE COMPANY in relation to the exchange is AccountingBusinessFinancial Accounting ACCOUNTING 225