Appropriate basis for recording the transaction, Accounting Basics

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Appropriate basis for recording the transaction

When a corporation issues its capital stock in payment for services, the least appropriate basis for recording the transaction is the

a. market value of the services received.

b. par value of the shares issued.

c. market value of the shares issued.

d. Any of these provides an appropriate basis for recording the transaction.

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Accounting Basics: Appropriate basis for recording the transaction

Reference No:- TGS0521990

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Accounting Basics: Appropriate basis for recording the transaction

Reference No:- TGS0521990

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Appropriate basis for recording the transaction

Reference No:- TGS0521990

Recent Questions Asked Accounting Basics

Q : Stockholders equity categories

Q : How would answer change if investor is risk adverse

Q : General versus targeted demand and supply subsidies

Q : Acceptable method of allocation

Q : Appropriate basis for recording the transaction

Q : Compare the intrinsic rewards to the extrinsic rewards

Q : Individual demands for medical care

Q : Explain ethical and two legal issues of e-commerce

Q : Legal restriction related to profit distributions

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