Match the following with the appropriate option from A-E 1. Monetary exchange 2. Nonmonetary exchange lacking commercial

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Match the following with the appropriate option from A-E
1. Monetary exchange
2. Nonmonetary exchange lacking commercial substance no boot
3. Nonmonetary exchange lacking commercial substance boot received is 50% of the fair value of the exchange gain results
4. Nonmonetary exchange lacking commercial substance boot received is 15% of the fair value of the exchange gain results
5. Nonmonetary exchange of inventory that facilitates sales to third party customers, boot accounting for 38% of the amount paid, loss result.
A. Measurement at fair value, gain(loss) recognize in full
B. Measurement at carrying amount of assets given up
C. Measurement at carrying amount of assets given up, partial gain recognized.
D. Measurement of assets received at fair value, full loss recognized.
E. Measurement at carrying amount of assets given up, partial loss recognized
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Related Book For  book-img-for-question

Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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