Question
Yejun Co. purchase equipment A and B by issuing 2,000 shares of common stock, $10 par value per share. Market price of this stock $20
Yejun Co. purchase equipment A and B by issuing 2,000 shares of common
stock, $10 par value per share. Market price of this stock $20 per share at the
date of purchase. Assessed values by the experts of equipment A and B are
$30,000 and $20,000. What is the cost of equipment A at the date of
purchase?
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Financial Accounting An International Introduction
Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
