ACC 304 Experience Tradition / tutorialrank.com ACC 304 Experience Tradition / 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.