A non-exchange business transaction does not involve changes in quantifiable monetary values.Select one:TrueFalse

The statement "A non-exchange business transaction does not involve changes in quantifiable monetary values" is True.

Explanation:

In the context of accounting and business transactions, a non-exchange transaction refers to situations where a business gives up resources or earns resources without receiving equal value in return. For example, donations, grants, or certain types of revenue that do not involve a direct exchange of goods or services for money fall under non-exchange transactions.

These transactions do not result in immediate changes to monetary values in the way that exchange transactions do. In exchange transactions, both parties provide something of value to each other, leading to a direct and quantifiable monetary impact. Conversely, non-exchange transactions may still provide long-term benefits or service values, but not in quantifiable monetary terms at the moment of the transaction.

Hence, the statement accurately reflects the nature of non-exchange business transactions.