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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?

In reading this article on non-monetary transactions (NMT):

http://accounting-financial-tax.com/2012/04/what-are-non-monetary-transactions-how-are-they-accounted/ (Links to an external site.)Links to an external site.

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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