The fair market value of the land is 63000 it is appraised

Assignment Help Accounting Basics

Reference no: EM13460569

A Company acquired land in exchange for 5,000 shares of its $10 par common stock. The fair market value of the land is $63,000, it is appraised at $60,000 and the stock is widely traded and was selling for $12.50 per share when exchanged for the land. At what amount should the land be recorded by A Company?

a. $50,000

b. $62,500

c. $63,000

d. $60,000

Reference no: EM13460569

Questions Cloud

Which of the following statements regarding the location of : which of the following statements about the location of departments within retail department and discount stores is

The charter of a corporation gives for the issuance of : the charter of a corporation provides for the issuance of 100000 shares of common stock. assume that 20000 shares were

A physics student swings a pail of water in a vertical : a physics student swings a pail of water in a vertical circle 1.0 m in radius at a constant speed. if the water is not

Which of the following statements regarding the use of : which of the following statements about the use of scent to change or augment the atmospherics in a store is true?a.

The fair market value of the land is 63000 it is appraised : a company acquired land in exchange for 5000 shares of its 10 par common stock. the fair market value of the land is

Youre an employee in accessories of department store a : youre an employee in accessories of a department store. a customer complains about your lack of silk scarves after she

What have you learned from the research on work centrality : 1.what have you learned from the research on work centrality and the relative importance of work dimensions to people

A corporation purchases 10000 shares of its own 10 par : a corporation purchases 10000 shares of its own 10 par common stock for 17.50 per share recording it at cost. what will

Recognize the psychological topic what findings are : you will be required to turn in a 3-4 page paper analyzing some piece of psychological research reported in the media

Reviews

Write a Review

Required(*) Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages