Accounting 101 Question


V

Vard

Looking for an answer to this q

What value is recorded for assets received in exchange for stock?



Is it Par?
 
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W

Wayne Brasch

Vard said:
Looking for an answer to this q

What value is recorded for assets received in exchange for stock?



Is it Par?
I find it hard to believe a question like this would come up in an
Accounting 101 class. By stock, are you talking about Inventory or Capital
Stock?

Wayne Brasch, CPA, M. S. Taxation
 
J

John

Vard said:
Looking for an answer to this q

What value is recorded for assets received in exchange for stock?



Is it Par?

hint: fair market value
 
G

Graefaxe

I find it hard to believe a question like this would come up in an
Accounting 101 class. By stock, are you talking about Inventory or
Capital Stock?

Wayne Brasch, CPA, M. S. Taxation
Capital Stock. Yep, they do deal with it in Principle's, now.
 
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F

Free Lunch

Looking for an answer to this q

What value is recorded for assets received in exchange for stock?



Is it Par?
Another hint:

No par stock.
 

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