Question 1

Which of the following statements about non-monetary transactions under ASPE is true?

Question 1 options:

A	Non-monetary transactions are reciprocal transactions.
B	An entity must disclose the nature of the transaction, basis of measurement, and amount of non-monetary transaction in the period.
C	For the fair value of an asset to be reliably measurable as part of a non-monetary transaction, there must be very little variability in fair value estimates.
D	If the exact fair value of an asset exchanged as part of a non-monetary transaction cannot be reliably measured, its fair value is considered immeasurable.