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Author Question: If an exchange of assets lacks commercial substance, then no gain or loss on the exchange is recognized. (Read 43 times)

sarasara

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on: Feb 18, 2020
If an exchange of assets lacks commercial substance, then no gain or loss on the exchange is recognized.
◦ true
◦ false
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by sarasara on Feb 18, 2020

okolip

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sarasara

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

dreamfighter72

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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