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Accounting recognition should be given to some or all of the gain on a nonmonetary...

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Accounting

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

a.no commercial substance and additional cash, accounting for 10% of the total fair value of the exchange, is paid.

b.no commercial substance and additional cash, accounting for less than 10% of the total fair value of the exchange, is received.

c.commercial substance and additional cash is paid.

d.commercial substance and additional cash is received.

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