Which of the following is connect for South Company when Smith issues 10.000 shares of $10 par value common stock and pays $30,000 cash in exchange for the building? Smith Company exchanges set to acquire a bulding. The market price of the Smith stock on the change date was $25 per share and the building's book Value on the books of the seller was $300,000 Stockholders equity increases $220,000 Stockholders' equity increases $300.000 Total increase $220000 Totes in 250.000 Which of the following includes only tangible assets? Natural resources, buildings, and franchises. O Land, buildings, and leasehold rights. Land, buildings, and natural resources. Licenses, trademarks, and land. Solvia Company recently purchased a truck. The price negotiated with the dealer was 544,500 Salvia also paid sales tax of $2.900 on the purchase, shipping and preparation costs of $3,900 and nience for the first year of operation of 54.900 At Wrist amount should the truck be recorded on the balance sheet prior to recording depreciation expense? $42400 544 500 OOO 551300 O $48400 Which of the following includes only intangible assets? O Natural resources, patents, and trademarks. Research and development costs, franchises, and trademarks. Franchises, patents, and copyrights. Copyrights, licenses, and land. On January 1, 2016. Woodstock Inc purchased a machine conting 527000 Woodstoc also paid 52 000 for transportation and installation The expected useful life of the machine is 5 years and the residual values 4,000 How much is the annual depreciation expense assuming Use of the straight line depreciation mod? $5,000 S5300 55 400 0 53833