When a Plant Asset Is Acquired by the Issuance of a Public

question 26

Multiple Choice

When a plant asset is acquired by the issuance of a public company's common shares, the cost of the plant asset is properly measured by the

• A) market value of the plant asset.
• B) original cost of the plant asset.
• C) book value of the plant asset.
• D) book value of the shares.

---

Definitions:

Sodium Chloride

A chemical compound known as table salt, widely used in food seasoning and preservation, consisting of sodium and chloride ions.

Common Compounds

Chemical substances made up of atoms of two or more different elements, which are widely found or used in daily life.

Acute Poisoning

A sudden and severe exposure to a toxic substance causing harmful effects.

Multiple Exposure

A photography technique that combines two or more exposures into a single image to produce surrealistic effects.