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b. the future amount of the future payments.

c. the present value of the future payments.

d. none of these.

48. When a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by the

b. the future amount of the future payments.

c. the present value of the future payments.

d. none of these.

48. When a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by the