Suppose Yummy Treats Bakery issues common stock in exchange for a building. Yummy Treats Bakery should record the building at Question content area bottom Part 1 A. the par value of the stock given. B. its book value. C. its market value. D. a value assigned by the board of directors

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23-12-2021
Business

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Suppose Yummy Treats Bakery issues common stock in exchange for a building. Yummy Treats Bakery should record the building at Question content area bottom Part 1 A. the par value of the stock given. B. its book value. C. its market value. D. a value assigned by the board of directors

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2021-12-30T15:22:45+01:00

Based on the information given Yummy Treats Bakery should record the building at: C. its market value.

Market value is the value of an asset in the market or the amount at which an asset will be sold in the market.

Building is an asset and since common stock was issued out in exchange for a building , the best options is that Yummy treats bakery should record the building at the market value the asset or the building.

Inconclusion Yummy Treats Bakery should record the building at: C. its market value.

Learn more about market value here:https://brainly.com/question/8084221