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Kansas Company acquired a building valued at $210,000 in exchange for 12,000 shares of its $5 par common stock. The stock is widely traded and

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

a. $60,000

b. $120,000

c. $210,000

d. $180,000

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