Access the FASB Accounting Standards Codification at the FASB website (www. fasb. org). Determine the specific eight-digit Codification citation (XXX-XX-XX-X) that describes each of the following items:

Required:
1. The basic principle for recording nonmonetary transactions at fair value.
2. Modifications of the basic principle for recording nonmonetary transactions when fair value is not determinable or the exchange lacks commercial substance.
3. The concept of commercial substance.
4. The required disclosures for nonmonetary transactions.

1. The basic principle for recording non-monetary transactions at fair value - ASC 845-10-30-1

2. Modifications of the basic principle for recording non-monetary transactions when fair value is not determinable or the exchange lacks commercial substance - ASC 845-10-30-3

3. The concept of commercial substance. - ASC 845-10-30-4

4. The required disclosures for non-monetary transactions - ASC 845-10-50-1

client registration system, resource management system, clinical management system, patient information database, common use-system interface

explanation:

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy