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8) Explain how non-monetary transactions are accounted for. 9) What accounting issue arises for recognizing non-monetary transactions? A) Determining when the substantial risks and rewards
8) Explain how non-monetary transactions are accounted for.
9) What accounting issue arises for recognizing non-monetary transactions? A) Determining when the substantial risks and rewards of ownership are transferred. B) Determining the amount to be allocated to each performance obligation. C) Determining the costs incurred or still to be incurred to fulfill the performance obligation. D) Determining the amount at which to record the transaction.
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