Question
Under ASPE, corporations that issue shares in return for noncash assets should record the transaction at the fair market value of the common shares given
Under ASPE, corporations that issue shares in return for noncash assets should record the transaction at
| the fair market value of the common shares given up. | ||
| the original cost of the asset acquired. | ||
| the fair market value of the asset acquired. | ||
| whichever is most reliable, fair value of assets acquired or fair value of shares issued. |
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Digging For Disclosure Tactics For Protecting Your Firms Assets From Swindlers, Scammers, And Imposters
Authors: Kenneth S. Springer, Joelle Scott
1st Edition
0131385569, 9780131385566
