A successful corporation can have a continuous and perpetual life. 1. Book value per share of common stock is the same amount as the market value per share. 2. A successful corporation can have a continuous and perpetual life. 3. Organizational costs are capitalized by debiting an intangible asset entitled Organization Costs. 4. The cash proceeds from issuing par value stock may be equal to or greater than, but not less than par value. 5. The cost of a noncash asset acquired in exchange for common stock should be either the fair value of the consideration given up or the consideration received, whichever is more clearly determinable. Business Assignment Help, Business Homework help, Business Study Help, Business Course Help
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