When an exchange of similar assets involves a gain,
a. the recorded amount of the new asset is the cost of the old asset plus any cash paid.
b. the recorded amount of the new asset is the net book value of the old asset plus any cash paid.
c. the recorded amount of the new asset is its fair market value less any cash paid.
d. None of these are true.
B
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a. Confidential information. b. Privileged communication. c. Contingent information. d. Audit communication.
The historical amount reflects the acquisition cost of assets or the amount of funds originally obtained from creditors or owners
Indicate whether the statement is true or false
All of the following are media formats used for distributing content EXCEPT
A) trade journals. B) catalogs. C) broadcast radio. D) blogs. E) newspapers.
When a message contains a request that must be refused and another that is being answered favorably, the refusal must always be stated first
Indicate whether the statement is true or false