For a Corporation Reporting Under IFRS, When Shares Are Issued

Multiple Choice

For a corporation reporting under IFRS, when shares are issued for a noncash consideration and a ready market for the shares exists, they are recorded at

A) zero.
B) the fair value of the shares.
C) the fair value of the assets acquired.
D) the average of the fair value of the shares and the fair value of the assets acquired.