ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 135

c. part of a gain when the exchange has no commercial
substance and cash is paid (cash paid/received is less than
25% of the fair value of the exchange).

d. part of a gain when the exchange has no commercial
substance and cash is received (cash paid or received is less
than 25% of the fair value of the exchange).

52. When an enterprise is the recipient of a donated asset,
the account credited may be a

a. paid-in capital account.