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When stock is exchanged for noncash assets,
When a stock is exchanged for noncash assets, debit assets for market value; credit Common Stock for par value; if needed, credit Paid-in Capital in Excess of Par.
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Asked 8/10/2016 4:51:44 AM
Updated 7/24/2019 5:35:38 PM
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When a stock is exchanged for noncash assets, debit assets for market value; credit Common Stock for par value; if needed, credit Paid-in Capital in Excess of Par.
Added 7/24/2019 5:35:38 PM
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