ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 133

50. 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.