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Surf City Software Company Develops New Surf Forecasting Software

Question 19

Multiple Choice

Surf City Software Company develops new surf forecasting software. It sells the software to Microsoft in exchange for 1000 common shares of Microsoft. Surf City Software has exchanged a ________ asset for a ________ asset in this transaction.


A) real, real
B) financial, financial
C) real, financial
D) financial, real

Correct Answer:

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