When stock is exchanged for noncash assets, a. debit the asset for prior book value and credit common stock for cash received. b. debit assets for market value and credit common stock for par value; if needed, credit paid-in capital in excess of par. c. debit assets for market value and credit common stock for market value. d. debit assets for par value and credit common stock for par value.

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.