The Cash-Equivalent Price of an Asset Received Is Measured as the Fair

question 108

True/False

The cash-equivalent price of an asset received is measured as the fair value of the consideration given including cash,or the fair value of the asset received,whichever is more determinable.

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Definitions:

Atm

Standard atmosphere, a unit of pressure defined as 101,325 Pa; also used to denote the atmospheric pressure at sea level.

Volume

A metric for quantifying the three-dimensional space an object or gas occupies.

°C

A degree of Celsius, a scale and unit of measurement for temperature.

Atm

A unit of pressure defined as atmospheric pressure, equivalent to the pressure exerted by the Earth's atmosphere at sea level.