If Shares Are Issued for a Non-Cash Asset, the Asset

question 237

Multiple Choice

If shares are issued for a non-cash 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:

Impression Management

is the process by which individuals attempt to control or influence the perceptions others have of them.

Organizational Power

The control and influence held within an organization to shape policies, decisions, and culture.

Substitutability

The degree to which one element can replace another in performing a particular function or achieving a specific outcome.

Impression Management

The process by which individuals attempt to control the perceptions others have of them, through the manipulation of social interactions and presentation of self.