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Cetitan Co. listed a plot of land for $150,000. Fidough Inc. made a deal with Cetitan Co. to exchange 10,000 shares of $1 par
Cetitan Co. listed a plot of land for $150,000. Fidough Inc. made a deal with Cetitan Co. to exchange 10,000 shares of $1 par value stock for this plot of land. At the time of the exchange the stock had a market value of $12 per share. At what value would Fidough Inc. list the land in its books after the exchange? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a $ 10,000 b $110,000 C $ 120,000 d $ 150,000
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