When You Barter Goods And/or Services, How Are These Accounted

Multiple Choice

When you barter goods and/or services, how are these accounted for in your sales?

A) Barter transactions should be accounted for at fair market value
B) Barter transactions are inherently illegal
C) Barter transactions cost you less, so you should account for them at cost
D) Barter transactions need not be accounted for, because no money changes hands