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    Financial Accounting IFRS Study Set 1
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    Exam 11: Corporations: Organization, Share Transactions, Dividends, and Retained Earnings
  5. Question
    When Shares Are Issued for Legal Services, the Transaction Is
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When Shares Are Issued for Legal Services, the Transaction Is

Question 266

Question 266

Multiple Choice

When shares are issued for legal services, the transaction is recorded by debiting Organization Expense for the


A) stated value of the shares.
B) par value of the shares.
C) market value of the shares.
D) book value of the shares.

Correct Answer:

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