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Kansas Company acquired a building valued at $173,000 for property tax purposes in exchange for 12,000 shares of its $7 par common stock. The stock

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Kansas Company acquired a building valued at $173,000 for property tax purposes in exchange for 12,000 shares of its $7 par common stock. The stock is widely traded and selling for $17 per share. At what amount should the building be recorded by Kansas Company? Oa. $119,500 Ob. $84,000 Oc. $204,000 Od. $173,000

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