When ordinary shares are issued for services or non-cash assets, cost should be

Question

Quizplus · Accepted Answer

According to international accounting standards, the cost of ordinary shares issued for services or non-cash assets should be either the fair value of the consideration given up or the consideration received, whichever is more clearly evident. This allows for flexibility in determining the appropriate cost of the shares based on the specific circumstances of the transaction.

When Ordinary Shares Are Issued for Services or Non-Cash Assets