Land b was acquired on october 2 2006 in exchange for 2500

Reference no: EM13607943

Land B was acquired on October 2, 2006, in exchange for 2,500 newly issued shares of Crow's common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $30 per share. During October 2006, Crow paid $16,000 to demolish an existing building on this land so it could construct a new building.

Reference no: EM13607943

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