Ewfrwe If the Fair Market Value of the Securities Is Not Determinable
Autor: heshang007 • October 16, 2011 • Essay • 759 Words (4 Pages) • 1,612 Views
ewfrwe if the fair market value of the securities is not determinable
2) Illustrations
a) A corporation issued 10,000 shares of common stock with a
par value of $5 and a fair market value of $15 for land
with a fair market value of $152,000
Land 150,000
Common Stock 50,000
(10,000 x 5)
Paid-in Capital in Excess of
Par--Common Stock 100,000
(10,000 x 10)
b) A corporation issued 10,000 shares of common stock with a
par value of $5 for land with a fair market value of
$152,000; the fair market value of the common stock is
unknown
Land 152,000
Common Stock 50,000
(10,000 x 5)
Paid-in Capital in Excess of
Par--Common Stock 102,000
...