Barter

question 266

Multiple Choice

Barter:

• A) works as well as money in all cases.
• B) satisfies the double coincidence of wants if an exchange takes place.
• C) serves as store of value in primitive societies.
• D) is any exchange, with or without the presence of money, in which the participants negotiate the terms of trade.

---

Definitions:

Filling

In manufacturing, it refers to the process of putting product into containers or packaging; in accounting, it could refer to completing or updating records but this usage is less direct.

Plant Assets

These are long-term tangible assets that are used in the production of goods and services and are expected to provide benefits for more than one year.

Income Statement

A financial statement that reports a company's financial performance over a specific period, displaying revenue, expenses, and net income.

Additions and Improvements

Capital expenditures made to increase the value of existing assets, often leading to a longer useful life or increased functionality.