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kolezko [41]
4 years ago
6

When nonmonetary assets are traded in an exchange that lacks commercial substance and no cash is received, any loss is recognize

d immediately.a. True
b. False
Business
1 answer:
Pavlova-9 [17]4 years ago
6 0

Answer:

The correct answer is letter "A": True.

Explanation:

Nonmonetary assets are objects a firm possesses in which cash value is complicated to determine for accounting purposes. The value of those assets may vary with time in front of different economic scenarios. When these types of assets are sold in markets where there is few to no liquidity and the calculated amount for the object is not transferred, the loss is recognized as it happens.

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What is not a guideline for evaluating your working main points?
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In an inert organizational culture, poor working relationships frequently develop between the organization and its employees. th
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Answer:

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Explanation:

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3 years ago
If Keynes’ law applies during economic contractions and Say’s law applies during economic expansion, how will the three goals of
Lelu [443]

Answer:

Answer is option a, i.e. trade-offs and connections may differ in short run and the long run.

Explanation:

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3 years ago
Which of the following is not a related party transaction? a) Acme Corporation leases office space to Norton Company. Mr. and Mr
KengaRu [80]

Answer:

c) Beth Teal pays $15,000 a year to her gardener, Ben. Beth is Ben's grandmother.

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