{"id":49735,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/accounting-assistance"},"modified":"2017-08-16T12:24:21","modified_gmt":"2017-08-16T12:24:21","slug":"accounting-assistance","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/accounting-assistance\/","title":{"rendered":"Accounting Assistance"},"content":{"rendered":"<p><b>CA15-2<\/b>&nbsp;(Issuance of Stock for Land) Martin Corporation is planning to issue 3,000 shares of its own $10 par value common stock for two acres of land to be used as a building site.<\/p>\n<p><b>Instructions<\/b><\/p>\n<p><b>(a)<\/b>What general rule should be applied to determine the amount at which the land should be recorded?<\/p>\n<p><b>(b)<\/b>Under what circumstances should this transaction be recorded at the fair value of the land?<\/p>\n<p><b>(c)<\/b>Under what circumstances should this transaction be recorded at the fair value of the stock issued?<\/p>\n<p><b>(d)<\/b>Assume Martin intentionally records this transaction at an amount greater than the fair value of the land and the stock. Discuss this situation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CA15-2&nbsp;(Issuance of Stock for Land) Martin Corporation is planning to issue 3,000 shares of its own $10 par value common stock for two acres of land to be used as a building site. Instructions (a)What general rule should be applied <a href=\"https:\/\/www.benedictsol.com\/blogs\/accounting-assistance\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-49735","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=49735"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49735\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=49735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=49735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=49735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}