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20. A nonmonetary asset received by Company Y in a nonreciprocal transfer from Company Z should be recorded by Y at: a. Zs recorded amount.

20. A nonmonetary asset received by Company Y in a nonreciprocal transfer from Company Z should be recorded by Y at:

a. Zs recorded amount.

b. Zs recorded amount or the fair value of the asset received, whichever is higher.

c. Zs recorded amount or the fair value of the asset received, whichever is lower.

d. The fair value of the asset received.

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