سؤال وحل من سي بي ايه ؟

[Bishara]

Solen Co. and Nolse Co. exchanged similar trucks with fair values in excess of carrying amounts. In addition, Solen paid Nolse to compensate for the difference in truck values and the transaction lacks commercial substance. As a consequence of the exchange, Solen recognizes

الحل :

. Per APB 29 and SFAS 153, exchanges that lack commercial substance are recorded at book value. Therefore, gains on these exchanges are recognized only to the extent that boot is received. Since no boot is received by Solen, neither a gain nor loss would be recognized.

[Bishara]

In an arm's-length transaction, Company A and Company B exchanged nonmonetary assets with no monetary consideration involved. The exchange was deemed to have commercial substance for both Company A and Company B, and the fair values of the nonmonetary assets were both clearly evident. The accounting for the exchange should be based on the

الحل

is correct because an exchange of nonmonetary assets that has commercial substance is recorded at the fair value of the asset surrendered (APB 29 and SFAS 153).

[Bishara]

Slate Co. and Talse Co. exchanged similar plots of land with fair values in excess of carrying amounts. In addition, Slate received cash from Talse to compensate for

he difference in land values. The cash flows of the plots of land are not expected to be significantly different. As a result of the exchange, Slate should recognize

تم تعديل 8 ديسمبر 2010 بواسطة Bishara
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