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On October 1, Takei, Inc. exchanged 8,000 shares of its 25 par value ordinary share for a parcel of land to be used as site
- On October 1, Takei, Inc. exchanged 8,000 shares of its 25 par value ordinary share for a parcel of land to be used as site for a new plant. Takei's ordinary share had a fair value of 80 per share on the exchange date. Takei received 36,000 from the sale of scrap when an existing building on the site was razed. The land should be carried at
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
