Merritt 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 $18 per share. at what amount should the building be recorded by merritt company

If quotas on sugar were eliminated in the united states, domestic production of sugar would fall. why is this a benefit in economic terms for the united states? i. resources are freed up that could be used more efficiently elsewhere. ii. it is beneficial because it allows foreign producers of sugar to earn income and thus those countries are better off. iii. u.s. consumers are able to enjoy increased consumer surplus because of the lower prices of imported sugar.