Kansas Company acquired a building valued at $151,000 for property tax purposes in exchange for 12,000...
Kansas Company acquired a building valued at $151,000 for property tax purposes in exchange for 12,000 shares of its $6 par common stock. The stock is widely traded and selling for $17 per share. At what amount should the building be recorded by Kansas Company? a.$204,000 b.$151,000 c.$72,000 d.$131,500
Homework Answers
a. $204,000
Explanation:
Value of the building = Market price of the shares x Number of
shares exchanged = $17 x 12,000 = $204,000
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Kansas Company acquired a building valued at $151,000 for
property tax purposes in exchange for 12,000...
Calculator Kansas Company acquired a building valued at $153,000 for property tax purposes in exchange for...
Calculator Kansas Company acquired a building valued at $153,000 for property tax purposes in exchange for 12,000 shares of its 56 par common stock. The stock is widely traded and sing for $20 per share. Al what amount should the building be recorded by Kansas Company? O . 15,000 Previous Next > Submit Test for Gradina All work saved
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Calculator Kansas Company acquired a building valued at $153,000 for property tax purposes in exchange for 12,000 shares of its 56 par common stock. The stock is widely traded and sing for $20 per share. Al what amount should the building be recorded by Kansas Company? O . 15,000 Previous Next > Submit Test for Gradina All work saved
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