Nonmonetary transactions
This course will be an overview of: The definition of monetary and nonmonetary transactions The distinction between monetary and nonmonetary transactions Determining whether a nonmonetary transaction has commercial substance and how to account for it The tax issues related to nonmonetary transactions, specifically under Internal Revenue Code Sections 1031 and 1032
This course will be an overview of: The definition of monetary and nonmonetary transactions The distinction between monetary and nonmonetary transactions Determining whether a nonmonetary transaction has commercial substance and how to account for it The tax issues related to nonmonetary transactions, specifically under Internal Revenue Code Sections 1031 and 1032
Field of study:
AccountingInstructor(s):