Kansas Company acquired a building valued at $171,000 for property tax purposes in exchange for 10,000 shares of its $4 par common stock. The stock is widely traded and sold for $16 per share. At what amount should the building be recorded by Kansas Company? a. $40,000 b. $171,000 c. $120,000 d. $160,000 A company with 96,578 authorized shares of $7 par common stock issued 43,917 shares at $14 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price was $22 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? a. $6,148 b. $42,494 c. $13,175 d. $19,323 Treasury stock that was purchased for $2,078 is sold for $3,108. As a result of these two transactions combined a. income will be increased by $1,030. b. stockholders' equity will be increased by $1,030. c. stockholders' equity will be increased by $3,108. d. stockholders' equity will not change