If a firm issues common stock in return for services other than from employees, the firm records the transaction at the fair value of the services received if it can more reliably measure this amount. Otherwise, the firm records the transaction at the fair value of the shares issued
Indicate whether the statement is true or false
T
You might also like to view...
The Gerald Company budgeted overhead at $480,00 . for the period for Department A based on a budgeted volume of 60,00 . direct labor hours. At the end of the period, the factory overhead control account for Department A had a debit balance of $475,000 . actual direct labor hours were 58,000 . What was the under- or over applied factory overhead for the period?
a. $8,00 . overapplied b. $11,00 . overapplied c. $11,00 . underapplied d. $8,00 . underapplied
What are the six primary goals of a cost management system? Illustrate how a CMS achieves each of these goals
Which of the following is a double indemnity rider?
A) A policy requiring an insured to pay twice the amount of face in the case of accidental death B) ?A policy requiring an insurer to pay twice the ordinary amount in the case of death by suicide C) A policy requiring an insured to pay twice the amount of face in the case of death by war activity D) A policy requiring an insurer to pay twice the ordinary amount in the case of death by natural causes
According to the family life cycle, all of the following are identified as stages in consumer buying behavior except
a. nest building. b. courting. c. family traditions. d. sole survivor.