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Assets received in exchange for the issuance of stock should be recordedat: A. historical cost B. historical cost less accumulated amortization taken to date C.

Assets received in exchange for the issuance of stock should be recordedat:

A.

historical cost

B.

historical cost less accumulated amortization taken to date

C.

fair market value as determined by a goodfaith estimate from independent appraisers

D.

book value prior to the issuance

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