13. When a corporation issues its capital stock in payment for services, the least appropriate basis for recording the transaction is the A) market value of the services received. B) par value of the shares issued. C) market value of the shares issued. The market value of the services received or the market value of the share issues 16. When treasury stock is purchased for more than the par value of the stock and the cost method is used to account for treasury stock, what account(s) should be debited? A) Treasury stock for the par value and paid-in capital in excess of par for the excess of the purchase price over the par value. Paid-in capital in excess of par for the purchase price. C) Treasury stock for the purchase price. D) Treasury stock for the par value and retained earnings for the excess of the purchase price over the par value. B) 17. Which of the following does not demonstrate evidence regarding the ability to consummate a refinancing of short-term debt? A) Management indicated that they are going to refinance the obligation. B) Actually refinance the obligation. Have capacity under existing financing agreements tha can be used to refinance the obligation. Enter into a financing agreement that clearly permits entity to refinance the obligation. C)