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Explain how assets acquired in exchange for equity securities are valued. Explain how property, plant, and equipment and intangible assets acquired through donation are valued.
- Explain how assets acquired in exchange for equity securities are valued.
- Explain how property, plant, and equipment and intangible assets acquired through donation are valued.
- What account is credited when a company receives donated assets? What is the rationale for this choice?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
