Question
1. No par stock should be carried in the accounts at issue price without any additional paid in capital reported. a. True b. False Companies
1. No par stock should be carried in the accounts at issue price without any additional paid in capital reported.
a. True
b. False
Companies should record stock issued for services or non-cash property at either the fair value of the stock issues or the fair value of the consideration received, whichever is more clearly determinable.
a. True
b. False
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Contemporary Auditing E4 Im
Authors: KNAPP
4th Edition
0324048602, 978-0324048605
