As such, CPA advisors should be knowledgeable about the correct tax treatment of bartered
Essentially, if something can be bought on the free market, chances are it can also be bartered
According to the International Reciprocal Trade Association, more than 250,000 American businesses bartered
A company can give the bartered
goods or services as a bonus or as part of a compensation package--without tapping cash.
Homo economicus either bartered
or made do with what he caught, foraged or grew himself.
So, you're required to report bartered
goods and services on your taxes.
Generally Accepted Accounting Principles (GAAP) provide little specific information on dealing with bartered
In the last five years, Casio has successfully bartered
$25 million worth of excess inventory, restructuring our balance sheet.
The trading company, which has bartered
for the trade credits, realizes a profit in the spread between what he has paid for the trade credits and the rent realized from the lease.