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Loss is not recognized in which of the non-monetary exchanges? a. The fair value of the items exchanged is not determinable b. The exchange has

Loss is not recognized in which of the non-monetary exchanges?

a. The fair value of the items exchanged is not determinable

b. The exchange has commercial substance, and cash is received

c. Exchange lacks commercial substance, and cash is paid

d. Exchange lacks commercial substance, and cash is received

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