Q1) William Corp. issued 10,000 shares of its $1 par value common stock for a building....
Q1) William Corp. issued 10,000 shares of its $1 par value common stock for a building. The building was listed for sale at $500,000. William’s common stock is currently selling for $45 per share. William Corp. should record the building at
| A- | $10,000 |
| B- | $440,000 |
| C- | $450,000 |
| D- | $500,000 |
Homework Answers
Building listed for sale = $500000
So william corp should record building at $500000
So answer is d) $500000
Because when asset's value is given then assets should be recorded at that value
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Q1) William Corp. issued 10,000 shares of its $1 par value
common stock for a building....
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