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Topic
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Can someone help me out, with a non monetary exchange lacking commercial substance, what is the formula to calculate gain:
Is it
Cash / (Cash + FV of Asset Received)
or
Cash / (FV of Asset received)
Thanks!
BEC - 2/13 - 87
Audit - 4-16 - 99
Reg - 5-29 - 94
Far- 8-13 - 97I use becker self-study, final review, flash cards, wiley test bank, and I make my own flash cards using studyblue.com
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