When stock is issued for services or property other than cash, the general rule applied is
A) either the fair market value of the stock issued or of the non-cash consideration received, whichever is more clearly determinable.
B) the fair market value of the non-cash consideration.
C) the fair market value of stock issued.
D) the net realizable value of the non-cash consideration.
E) a negotiated value that fairly presents the current market value of the goods exchanged.
Correct Answer:
Verified
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