... expenditures Chapter 10- 17 $100 ,000 150,000 300,000 100 ,000 $650,000 Other general debt existing on Jan 1, 2005: $500,000, 14%, 10- year bonds payable $300,000, 10% , 5-year note payable LO Describe the accounting ... of the transaction) Chapter 10- 25 LO Understand accounting issues related to acquiring and valuing plant assets Valuation Valuation Accounting for Exchanges Illustration 10- 10 * If cash is 25% ... Lacks Commercial Substance Illustration 10- 20 Chapter 10- 33 LO Understand accounting issues related to acquiring and valuing plant assets Valuation Valuation Accounting for Contributions Companies...