Friday, March 1, 2019

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

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.


Answer: par value of the shares issued.

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