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In the issuance of shares in exchange of non-cash assets, the non-cash asset is recorded in the books of the corporation at the (1 Point)

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In the issuance of shares in exchange of non-cash assets, the non-cash asset is recorded in the books of the corporation at the (1 Point) fair market value of the shares even if the fair market value of the non-cash asset is determinable fair market value of the non-cash assets or the fair market value of the shares, whichever is determinable par value of the share O whichever is lower between the fair market value of the non-cash assets and the fair market value of the shares

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