If Stock Is Issued for a Noncash Asset the Asset

question 171

Multiple Choice

If stock is issued for a noncash asset the asset should be recorded on the books of the corporation at

• A) fair value.
• B) cost.
• C) zero.
• D) a nominal amount.

---

Definitions:

Piecework Rate Plans

Compensation systems where employees are paid based on the quantity of work produced or tasks completed.

Routine Jobs

Work that involves repetitive tasks following a set procedure or sequence, often with little to no variation in daily activities.

Differential Piece Rate System

The Differential Piece Rate System is a pay structure where employees are compensated based on the quantity of work produced, with rates increasing once production exceeds a standard level.