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When a plant asset is acquired by the issuance of common stock and the ale value of the plant asset received is less than the
When a plant asset is acquired by the issuance of common stock and the ale value of the plant asset received is less than the fair value of the stock issued,
A) a gain is reported B) the plant asset is recorded at the par value of the stock issued
C) a loss is reported
D) the plant asset is recorded at the fair value of the stock issued
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