51. For a nonmonetary exchange of plant assets, accounting recognition should not be given to
a. a loss when the exchange has no commercial substance.
b. a gain when the exchange has commercial substance.
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.
b. revenue account.
c. deferred revenue account.