Question
2. On May 16, ABC issued 10,000 shares of no-par common stock for $100,000. Journalize this transaction. --- 3. On April 10, XYZ acquired land
2. On May 16, ABC issued 10,000 shares of no-par common stock for $100,000. Journalize this transaction.
---
3. On April 10, XYZ acquired land with a current market value of $100,000 in exchange for 100 shares of $20 par common stock.
a)The Fair market value of the stock is unknown.
b) The Fair market value of the stock is $90/share
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The Pricing Strategy Audit
Authors: Kent B. Monroe
1st Edition
1907766006, 978-1907766008
