Bartering activities of the Fortune 500 and hospitality lodging firms
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Abstract
This study compared the bartering practices of Fortune 500 companies with those of hospitality lodging firms. The various types of barter arrangements used by the firms are discussed as well as the annual dollar amount of bartering their firms do annually. The companies' attitudes on bartering, average length of the barter contract and reasons for bartering are explained. The procedures for recording bartered transactions are also discussed. The study indicates that bartering is being done by both types of firms and that more standardized accounting procedures need to be developed for these transactions.