Business, 20.04.2020 22:38 kam3864

Fairchild Company acquired a building valued at $210,000 for property tax purposes in exchange for 6,000 shares of its $10 par common stock. The stock is widely traded and selling for $31 per share.
At what amount should the building be recorded by Fairchild Company?

a) $60,000 b) $150,000 c) $186,000 d) $210,000

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Fairchild Company acquired a building valued at $210,000 for property tax purposes in exchange for 6...