ABC exchanged its equipment with XYZ 's furniture. The book value of the equipment was $21K, fair value of $19K, ABC paid $4K for the exchange. The book value of the furniture was $20K with fair value of $22K. What is the value of the new asset for ABC assuming it uses IFRS? Multiple Chatce 319K $20K $23k $25k Tolman Co. is a home builder who specializes in creating standard homes in the last 20 years, The company is in the process of constructing varlous units in the downtown core. To take advantage of the hot market, many excited homeowners have made 20 percent non-refundable deposits to socure their unit. The keys would be handed to the homeowners once the home is completed and passes cllent inspection, which usually takes around six months from when the construction begun. Tolman Co. can only record revenue when: Multiple Choice payments are received from the customers as theyre non-refundable. the keys are handed to the customer. the home is completed. the expense is incurred throughaut the construction P.Dog Inc. has a loyalty points program which awards two customer loyalty points for every $100 of goods purchased. During the year, the company soid $200,000 of goods in the store and awarded 4.000 points which can be redeemed and used towards future purchases. The stand-alone selling price for the goods sold is $150,000. Based on past experience, P.Dog expects that only 80% of the points will actually be redeemed. The stand-alone selling price of the points is $1.50 per point. Based on the information provided, the amount of revenue that P.Dog will report on its statement of comprehensive income for the year would be: Multipio Choice. $200,000. $150,000. 5154,800. 5193798