Business, 18.12.2019 00:31, elianagilbert3p3hh63

Kansas 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?

a.$210,000
b.$180,000
c.$60,000
d.$120,000

Answers: 3

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Kansas company acquired a building valued at $210,000 for property tax purposes in exchange for 12,0...