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    Accounting Principles
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    Exam 13: Corporations: Organization and Capital Stock Transactions
  5. Question
    The Cost of a Noncash Asset Acquired in Exchange for Common
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The Cost of a Noncash Asset Acquired in Exchange for Common

Question 123

Question 123

True/False

The cost of a noncash asset acquired in exchange for common stock should be either the fair value of the consideration given up or the consideration received whichever is more clearly determinable.

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