Question 1

Which of the following is a criterion that must be met for a transaction to have commercial substance under ASPE?

Question 1 options:

A	The fair value of the asset received is not equal to the fair value of the asset given up.
B	The configuration of the future cash flows of the asset received is essentially the same as the configuration of the future cash flows of the asset given up.
C	The entity-specific value of the asset received differs significantly from the entity-specific value of the asset given up.
D	The carrying value of the asset received is not equal to the carrying value of the asset given up.