Accounting Recognition Should Be Given to Some or All of the Gain

question 126

Multiple Choice

Accounting recognition should be given to some or all of the gain realized on a nonmonetary exchange of plant assets except when the exchange has

• A) no commercial substance and additional cash is paid.
• B) no commercial substance and additional cash is received.
• C) commercial substance and additional cash is paid.
• D) commercial substance and additional cash is received.

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Definitions:

Notebook

A portable computer similar in functionality to a desktop computer but smaller and designed for mobile use, or a bound set of blank or ruled pages for writing notes.

File Management

The practice of organizing, storing, and maintaining files in a computer system or network to ensure easy access and efficient use of data.

Rename

The act of changing the name of a file, folder, or other objects to better reflect its content or purpose.

Apps

Short for applications, referring to software programs designed to perform specific tasks or provide services on computing devices.