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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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