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On January 1, 2023Al -Quds Co. exchanged productive assets with Birzeit Co.. Al-Quds's asset is referred to below as Asset A, and Birzeit's is referred
On January 1,
2023Al
-Quds Co. exchanged productive assets\ with Birzeit Co.. Al-Quds's asset is referred to below as "Asset\ A", and Birzeit's is referred to as "Asset B". The following facts\ pertain to these assets. Assume the exchange lacks\ commercial substance.\ Required\ Prepare the exchange entry for Al-Quds company.
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