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  3. Study Set
    Fundamental Accounting Principles
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    Exam 13: Accounting for Corporations
  5. Question
    If a Corporation Receives Assets Other Than Cash in Exchange
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If a Corporation Receives Assets Other Than Cash in Exchange

Question 149

Question 149

True/False

If a corporation receives assets other than cash in exchange for stock,it records the assets received at their market value as of the date of the transaction.

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