If Stock Is Issued in Exchange for Noncash Assets the Assets

question 113

Short Answer

If stock is 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:

Energized

Refers to a state in which an electrical component, circuit, or system is supplied with power and is operational.

Normally Open

Describes a switch or relay contact that is in a default open state, allowing current to flow only when the contact is actuated to close.

Normally Closed

A term referring to an electrical switch or circuit state where the contacts are closed (allowing current flow) when no actuating force is applied.

Electrical State

An electrical state refers to the condition of an electrical component or system, such as being charged, discharged, on, or off.