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Kansas Company acquired a building valued at $161,000 for property tax purposes in exchange for 10,000 shares of its $3 por common stock. The stock

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Kansas Company acquired a building valued at $161,000 for property tax purposes in exchange for 10,000 shares of its $3 por common stock. The stock is widely traded and sold for $17 per share. At what amount should the building be recorded by Kansas Company? a. 530,000 b. 5140,000 5170,000 d. 5161.000

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