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Kansas Company acquired a building valued at $210,000 for property tax purposes in exchange for 12,000 shares of its $5 par common stock The stock

Kansas Company acquired a building valued at $210,000 for property tax purposes in exchange for 12,000 shares of its $5 par common stock The stock is widely traded and selling for $15 per share At what amount should the building be recorded by Kansas Company? 

a). $120,000 

b). $180,000 

c). $60,000 

d). $210,000

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