If Shares Are Issued in Exchange for Noncash Assets, the Assets

question 194

Short Answer

If shares are issued in exchange for noncash assets, the assets should be valued at the ____________________ of the consideration ___________________ or the assets ____________________, whichever is more clearly evident.

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Definitions:

Expressed Powers

Powers explicitly granted to the government or its branches by a constitution, particularly found in the U.S. Constitution.

Article I

The first section of the United States Constitution, which establishes the legislative branch of the federal government, the U.S. Congress.

Obergefell v. Hodges

A landmark 2015 Supreme Court decision that legalized same-sex marriage across the United States.

Marriage Licenses

Legal documents issued by a governmental authority that grant permission for two individuals to marry.