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Tags
#reading-25-understanding-income-statement #revenue-recognition
Question
Under [...] barter revenue can be recognized at fair value only if a company has historically received cash payments for such services and can thus use this historical experience as a basis for determining fair value; otherwise, the revenue from the barter transaction is recorded at the carrying amount of the asset surrendered.
Answer
USGAAP

Tags
#reading-25-understanding-income-statement #revenue-recognition
Question
Under [...] barter revenue can be recognized at fair value only if a company has historically received cash payments for such services and can thus use this historical experience as a basis for determining fair value; otherwise, the revenue from the barter transaction is recorded at the carrying amount of the asset surrendered.
Answer
?

Tags
#reading-25-understanding-income-statement #revenue-recognition
Question
Under [...] barter revenue can be recognized at fair value only if a company has historically received cash payments for such services and can thus use this historical experience as a basis for determining fair value; otherwise, the revenue from the barter transaction is recorded at the carrying amount of the asset surrendered.
Answer
USGAAP
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Under USGAAP barter revenue can be recognized at fair value only if a company has historically received cash payments for such services and can thus use this historical experience as a basis for det

Original toplevel document

3.2.3. Barter
nies reported no net income). Under IFRS, revenue from barter transactions must be measured based on the fair value of revenue from similar non-barter transactions with unrelated parties (parties other than the barter partner).21 <span>USGAAP state that revenue can be recognized at fair value only if a company has historically received cash payments for such services and can thus use this historical experience as a basis for determining fair value; otherwise, the revenue from the barter transaction is recorded at the carrying amount of the asset surrendered. <span><body><html>

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