Kansas Company acquired a building valued at $152,000 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?
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Home » Business » Kansas Company acquired a building valued at $152,000 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.