Thank u On August 1, Cullumber, Inc. exchanged productive...
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On August 1, Cullumber, Inc. exchanged productive assets with Riverbed, Inc. Cullumber's asset is referred to below as "Asset A," and Riverbed' is referred to as "Asset B." The following facts pertain to these assets. Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Cullumber, Inc. and Riverbed, Inc. in accordance with generally accepted accounting principles. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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