Solved: In reading this article on non-monetary transactions nmt, Accounting Basics

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In reading this article on non-monetary transactions nmt

Question: Essay 3

In reading this article on non-monetary transactions (NMT): What Are Non-Monetary Transactions, How Are They Accounted? (By Lie Dharma Putra)

Do the following in 1 page or less:

1. Summarize the NMT process.

2. You are the Chief Accountant for Ford Motor, the CEO. Mark Fields has asked you to prepare an opinion on the proposed NMT between Fords EU division and corporate relative to the transfer of an electric car design. What do you tell the CEO?

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