Your answer is incorrect. n a nonmonetary exchange of plant assets, accounting recognition should not be given to a portion of the gain when the exchange has no commercial substance and cash is paid (when the cash paid is less than 25% of the fair value of the exchange). a gain when the exchange has commercial substance. a portion of the gain when the exchange has no commercial substance and cash is received (when the cash received is less than 25% of the fair value of the exchange). a loss when the exchange has no commercial substance. eTextbook and Media Attempts: 1 of 2 used