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

A) Its market value

Explanation:

From the question, we are informed about Yummy Treats Bakery which issues common stock in exchange for a building. In this case Yummy Treats Bakery should record the building at its market value. Market value can as well be regarded as "open market valuation" it can be explained as the price an asset would bring as value in a market or in a auction setting i.e a compititive setting. It is the worth of an asset or company in financial market which is base on the participants in the market.

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