UITF 31 ' Exchanges of businesses assets, etc

Solomon Hare's technical department offers this analysis of UITF 31 dealing with exchanges of assets when entities enter into joint ventures. The original technical circular includes several diagrams which cannot be displayed to best effect within the AccountingWEB database. The full explanation is available as a Word document (128K), or you can review the text summary below.



1 BACKGROUND
Abstract 31 has been introduced to address the situation of entities exchanging businesses for equity.

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