When Exchanging Nonmonetary Assets with Another Company, the Preferred Approach

question 61

Multiple Choice

When exchanging nonmonetary assets with another company, the preferred approach is to value the transaction based upon fair value of

• A)the asset surrendered or asset received whichever is most evident
• B)the asset surrendered unless the fair value of the asset received is easier to determine
• C)the asset surrendered except for certain conditions
• D)the asset surrendered

---

Definitions:

Data Packets

Units of data made into a single package that travels along network paths to its destination.

Access Point

A hardware device that allows wireless devices to connect to a wired network using Wi-Fi, Bluetooth, or similar standards.

Adapter

A hardware or software component that allows one device or application to connect with and work with another, despite differences in format or standards.

MAN

An acronym for Metropolitan Area Network, a network that spans a physical area larger than a LAN but smaller than a WAN, typically used to connect multiple buildings within the same city.