O Company acquired a building valued at $195,000 for property tax purposes in exchange for 13,000 shares of $6 par common stock. The stock is selling for $14 per share. At what amount should the building be recorded? Help
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O Company acquired a building valued at $195,000 for property tax purposes in exchange for 13,000 shares of $6 par common stock. The stock is selling for $14 per share. At what amount should the building be recorded? Help
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- OXE Company acquired a building valued at $195,000 for property tax purposes in exchange for 13,000 shares of $6 par common stock. The stock is selling for $14 per share. At what amount should the building be recorded?Kansas Company acquired a building valued at $170,000 for property tax purposes in exchange for 12,000 shares of its $7 par common stock. The stock is widely traded and selling for $20 per share. At what amount should the building be recorded by Kansas Company?What amount should the equipment be recorded on these accounting question?
- Steak Company acquired a building valued at $176,400 for property tax purposes in exchange for 10,400 shares of its $8 par common stock. The stock is widely traded and selling for $16 per share. At what amount should the building be recorded by Steak Company? O a. $176,400 O b. $166,400 O C. S83,200 O d. $239,200Kansas Company acquired a building valued at $210,000 for property tax purposes in exchange for 12,000 shares of its $5 par common stock. The stock is widely traded and selling for $15 per share. At what amount should the building be recorded by Kansas Company?a. $60,000b. $180,000c. $210,000d. $120,000Hurd Company acquired a building valued at $154,000 for property tax purposes in exchange for 10,000 shares of its $4 par common stock. The stock is widely traded and sold for $18 per share. At what amount should the building be recorded by Hurd Company? Select the correct answer. $140,000 $40,000 $154,000 $180,000
- Kansas Company acquired a building valued at $158,000 for property tax purposes in exchange for 12,000 shares of its $3 par common stock. The stock is widely traded and selling for $19 per share. At what amount should the building be recorded by Kansas Company? a. $228,000 b. $36,000 OC. $158,000 Od. $191,500Clifton Industries acquired a warehouse valued at $200,000 for property tax purposes in exchange for 15,000 shares of its $5 par common stock. The stock is widely traded and sells for $16 per share. At what amount should the warehouse be recorded by Clifton Industries? a. $75,000 b. $240,000 c. $200,000 d. $160,000Kansas Company acquired a building valued at $210,000 for property tax purposes in exchange for 12,000 shares of its $5 par common stock. The stock is widely traded and sold for $15 per share. At what amount should the building be recorded by Kansas Company? $180,000 $210,000 $60,000 $120,000