GREENESTONE HEALTHCARE CORP | 2013 | FY | 3


d) Non-monetary transactions

The Company’s policy is to measure an asset exchanged or transferred in a non-monetary transaction at the more reliable measurement of the fair value of the asset given up and the fair value of the asset received, unless:

 

 

i)   The transaction lacks commercial substance;
ii)   The transaction is an exchange of a product or property held for sale in the ordinary course of business for a product or property to be sold in the same line of business to facilitate sales to customers other than the parties to the exchange;
iii)   Neither the fair value of the asset received nor the fair value of the asset given up is reliably measurable; or
iv)   The transaction is a non-monetary, non-reciprocal transfer to owners that represents a spin-off or other form of restructuring or liquidation.

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