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Asset Exchange with Cash Receipt XYZ Co exchanged its asset A for Company BCD's asset B and received cash as part of the exchange. The
Asset Exchange with Cash Receipt XYZ Co exchanged its asset A for Company BCD's asset B and received cash as part of the exchange. The exchange has commercial substance. XYZ Co. should defer the gain in this transaction by reducing the cost of the new asset (asset B). True or False? True O False
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