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(b) Would your answer to part (a) change if an outside C Lump-Sum Purchases; Issuance of Stock for Plant Assets 10.32 A package consisting
(b) Would your answer to part (a) change if an outside C Lump-Sum Purchases; Issuance of Stock for Plant Assets 10.32 A package consisting of building and land is bought at a lump-sum price of $70,000. The FMV of the building and land is $60,000 and $20,000, respectively. Allocate the cost to each item and prepare a jour- nal entry. anmmon stock for a machine. Prepare a journal entry for each
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