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Which property acquired in exchange for shares in enterprise

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Reference no: EM132995980

Problem 1: Property acquired in exchange for shares or other securities in the enterprise should be recorded at-

Group of answer choices

Option 1: Fair value of the property or fair value of the securities, whichever is lower

Option 2: Fair value of the property acquired

Option 3: Par value of the securities

Option 4: Fair value of the securities issued

Problem 2: The cost of property acquired by installment is equal to-

Group of answer choices

Option 1: List price

Option 2: Cash purchase price

Option 3: Installment price

Option 4: Invoice price

Reference no: EM132995980

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