Pioneer Company transferred the following assets to a newly created subsidiary, Dana Corporation, in exchange for 30,000 shares of its $8 par value stock: Cash Accounts Receivable Inventory Land Buildings Equipment Cost $88,000 165,000 110,000 77.000 352,000 528,000 Book Value $88,000 150,000 110,000 77,000 275,000 396,000 What was the investment amount recorded by Pioneer Company to create Dana Corporation? O A. $240,000 O B. $1,096,000 O C. $1,320,000 D. $1,480,000 E. None of the above U3TMbc MOZzhBxMlfoDGGop CCXQ/formResponse What was the common stock amount recorded by Dana Corporation? O A. $240,000 O B. $1,096,000 O C. $1,320,000 O D. $856,000 O E. None of the above What was the "Additional paid-In Capital" amount recorded by Dana Corporation? O A. $240,000 O B. $1,096,000 O c. $1,320,000 OD $856,000 E None of the above o RH omspor What was the journal entry recorded by Ploncerto transfer the assets to Dune Corporation? Til Pioneer Company transferred the following assets to a newly created subsidiary, Dana Corporation, in exchange for 30,000 shares of its $8 par value stock: Cash Accounts Receivable Inventory Land Buildings Equipment Cost $88,000 165,000 110,000 77.000 352,000 528,000 Book Value $88,000 150,000 110,000 77,000 275,000 396,000 What was the investment amount recorded by Pioneer Company to create Dana Corporation? O A. $240,000 O B. $1,096,000 O C. $1,320,000 D. $1,480,000 E. None of the above U3TMbc MOZzhBxMlfoDGGop CCXQ/formResponse What was the common stock amount recorded by Dana Corporation? O A. $240,000 O B. $1,096,000 O C. $1,320,000 O D. $856,000 O E. None of the above What was the "Additional paid-In Capital" amount recorded by Dana Corporation? O A. $240,000 O B. $1,096,000 O c. $1,320,000 OD $856,000 E None of the above o RH omspor What was the journal entry recorded by Ploncerto transfer the assets to Dune Corporation? Til