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Business, 31.03.2020 01:57 anthonymcnulty321

Kansas Company acquired a building valued at $162,000 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?

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Kansas Company acquired a building valued at $162,000 for property tax purposes in exchange for 12,0...
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