When there is a non monetary exchange of assets, what will be recorded on the CSF?

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Question Posted: Aug 20, 2015 02:29 AM

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When there is a non monetary exchange of assets, what will be recorded on the CSF?

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In a nonmonetary exchange of assets the transaction does not involve cash Hence it is not recorded ...View the full answer

Intermediate Accounting

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