If Stock Is Issued for an Asset Other Than Cash,the

question 3

Multiple Choice

If stock is issued for an asset other than cash,the asset should be recorded on the books of the corporation at:

• A)fair market value of the asset.
• B)book value of the asset.
• C)par value of the stock.
• D)fair value of the stock minus the par value of the stock.

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Definitions:

Bacteria

Microscopic single-celled organisms that can be found in various environments, some of which are beneficial, while others can cause diseases.

Inflammation

A biological response of body tissues to harmful stimuli, such as pathogens, damaged cells, or irritants, characterized by redness, heat, swelling, and pain.

Hemorrhage

is the escape of blood from a ruptured blood vessel, leading to bleeding internally or externally.

Hypothalamus

An area of the brain situated beneath the thalamus that regulates the autonomic nervous system and the function of the pituitary gland, overseeing body temperature, thirst, hunger, and various other systems that maintain internal balance.