Question
ABC Corps board of directors decides that the corporation should issue 1,000 additional shares of stock. The board of directors determines that the 1,000 shares
ABC Corps board of directors decides that the corporation should issue 1,000 additional shares of stock. The board of directors determines that the 1,000 shares of stock have a fair market value of $100,000. In this circumstance:
Question 13 options:
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A ABC Corp can issue the 1,000 additional shares of stock in exchange for a piece of real property with a fair market value of $100,000
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B ABC Corp can issue the 1,000 additional shares of stock in exchange for stock of another corporation with a fair market value of $100,000
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C ABC Corp can issue the 1,000 additional shares of stock in exchange for cash in the amount of $100,000
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D All of the above
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