微信扫一扫
实时资讯全掌握
| In an arm’s-length transaction, Company A and Company B exchanged nonmonetary assets with no monetary consideration involved. The exchange was deemed to have commercial substance for both Company A and Company B, and the fair values of the nonmonetary assets were both clearly evident. The accounting for the exchange should be based on the A. Fair value of the asset received. B. Fair value of the asset surrendered. C. Recorded amount of the asset received. D. Recorded amount of the asset surrendered. |