Accounting for nonmonetary transactions;

              OPINIONS OF THE ACCOUNTING PRINCIPLES BOARD
Accounting for Nonmonetary Transactions
Paragraph
CONTENTS Numbers
Introduction 1-4
Definitions 3
Applicability 4
Discussion 5—17
Present Accounting for Nonmonetary Transactions . . 5-7
Nonreciprocal Transfers with Owners 5
Nonreciprocal Transfers with Other Than Owners. . 6
Nonmonetary Exchanges 7
Differing Views 8-17
Nonreciprocal Transfers of Nonmonetary Assets
to Owners 9—12
Nonreciprocal Receipts of Nonmonetary Assets .... 13 Nonreciprocal Transfers of Nonmonetary Assets
to Other Than Owners 14
Exchange Transactions 15-16
Fair Value Not Determinable 17
Opinion 18-28
Basic Principle 18-19
Modifications of the Basic Principle 20-23
Fair Value Not Determinable 20
Exchanges 21-22
Nonreciprocal Transfers to Owners 23
Applying the Basic Principle 24-27
Disclosure 28
Effective Date 29
Issued by the Accounting Principles Board of the American Institute of Certified Public Accountants
COPYRIGHT 1973 BY THE AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS. INC. 666 FIFTH AVENUE, NEW YORK, NEW YORK 10019
MAY 1973
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