A Corporation Acquired a Copyright by Issuing 1, 000 Shares

Multiple Choice

A corporation acquired a copyright by issuing 1, 000 shares of $10 par common stock.At the time of the exchange, the stock was selling for $40 per share.The copyright had a carrying value of $8, 000 to the author.The purchasing corporation should assign to the copyright a value of

A) $ 8, 000
B) $10, 000
C) $32, 000
D) $40, 000