Business, 25.01.2020 01:31 briannmalcolmp3l4pz
Kelly corp. barters with ace corporation for goods that are similar in nature and value. the value of the goods was $1,000. the cost of the goods was $400. if kelly uses ifrs to prepare financial statements, what amount should kelly recognize as income? a. $1,000
b. $0
c. $400
d. $600
Answers: 2
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