ABC Corps board of directors decides that the corporation should issue 1,000 additional shares of...
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Accounting
ABC Corps board of directors decides that the corporation should issue 1,000 additional shares of stock. The board of directors determines that the 1,000 shares of stock have a fair market value of $100,000. In this circumstance:
Question 13 options:
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A ABC Corp can issue the 1,000 additional shares of stock in exchange for a piece of real property with a fair market value of $100,000
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B ABC Corp can issue the 1,000 additional shares of stock in exchange for stock of another corporation with a fair market value of $100,000
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C ABC Corp can issue the 1,000 additional shares of stock in exchange for cash in the amount of $100,000
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D All of the above
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