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Example Susie and James both own food trucks. Susie sells cupcakes, while James sells gourmet sandwiches. James buys one of Susie's cupcakes for $5. Later,

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Example Susie and James both own food trucks. Susie sells cupcakes, while James sells gourmet sandwiches. James buys one of Susie's cupcakes for $5. Later, Susie buys one of James' sandwiches for $5. Does Susie recognize income? 1) Increase in wealth? 2) Income realized? 3) Income recognized? lar

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