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Beastley Corp. founded by Martin and Allen Beastley brothers with registered capital $280,000. All the capital is formed and issued with $1000 par value common
Beastley Corp. founded by Martin and Allen Beastley brothers with registered capital $280,000. All the capital is formed and issued with $1000 par value common stocks. Allen gives his villa in exchange for one hundred stocks. Which of the following is true? *
The villa is valued at $140,000
Allen has 40 percent of Beastley Corp.
Allen has 50 percent of Beastley Corp.
The villa is valued at $100,000
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