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In an exchange having commercial substance where is involved O a. only gains should be recognized. O b. only losses should be recognized. O c.again

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In an exchange having commercial substance where is involved O a. only gains should be recognized. O b. only losses should be recognized. O c.again or loss is computed by comparing the fair value of the asset received with the fair value of the asset given up. d. gains or losses are recognized in their entirety

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