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

Which of the following makes a true statement about the relationship between government and financial institutions? government and financial institutions do not interact with each other. financial institutions like the u.s. treasury must approve increases in the government deficit. government can pass laws to limit what financial institutions can charge in interest and fees. financial institutions like local banks must approve interest rates set by the federal reserve.