Fairchild Company Acquired a Building Valued at $210,000 for Property

question 53

Multiple Choice

Fairchild Company acquired a building valued at $210,000 for property tax purposes in exchange for 6,000 shares of its $10 par common stock.The stock is widely traded and selling for $31 per share.At what amount should the building be recorded by Fairchild Company?

• A)$210,000
• B)$60,000
• C)$186,000
• D)$150,000

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Definitions:

Autonomy to Adapt

The ability of an entity, such as an organization, to independently adjust or modify its functions and processes in response to environmental changes or internal demands.

Transnational Strategy

A business approach used by companies that operate across borders, combining global integration with local responsiveness.

International Strategy

A plan implemented by companies to expand their operations and market presence into multiple countries.

Global and Local

A concept or strategy that recognizes the need to think globally while acting locally, balancing universal principles with cultural specifics.