Hurd company acquired a building valued at 160000 for

Reference no: EM13615133

Hurd Company acquired a building valued at $160,000 for propertytax purposes in exchange for 10,000 shares of its $5 par commonstock. The stock is widely traded and selling for $15 per share. Atwhat amount should the building be recorded by Hurd Company?

Reference no: EM13615133

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