This video is the Part 3 of the presentation on non-monetary asset exchanges. It discusses the accounting when the transition is considered to lack commercial substance. The implication for accounting is that we should not record a gain or not as large a gain on a transaction that lacks commercial substance.

The tutorial is presented by Paquita Davis-Friday, Professor of Accountancy at Zicklin School of Business and produced by Baruch Computing & Technology Center (BCTC).