11) Non-monetary exchanges can be __________ exchanged for an asset.
12) If the value of the shares can be reliably measured, for instance when the share price can be easily obtained from the stock market, then the asset exchanged should be recorded at __________.
13) ABC Co. issues 500 common shares for $10 per share. Identify the entry that would be recorded.
14) NDP Co. issues 750 preferred shares for $10 per share and 1,000 common shares for $15 per share. Identify the entry that would be recorded.
15) When a corporation issues shares for assets other than cash, how does it record the assets received?
16) Under IFRS and Canadian ASPE, how should non-monetary exchanges be measured?
17) Does a company have to sell its shares directly to shareholders only?
18) Why are shares not referred as "no-par shares"?
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