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When Common Stock Is Issued for Services or Non-Cash Assets

Question 167

Multiple Choice

When common stock is issued for services or non-cash assets cost should be


A) only the fair value of the consideration given up.
B) only the fair value of the consideration received.
C) the book value of the common stock issued.
D) either the fair value of the consideration given up or the consideration received whichever is more clearly evident.

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