question archive Land $398,000 Buildings 1,194,000 Equipment 796,000 Total $2,388,000 On July 6, Pronghorn Company acquired the plant assets of Doonesbury Company, which had discontinued operations
Subject:AccountingPrice:2.87 Bought7
Land $398,000
Buildings 1,194,000
Equipment 796,000
Total $2,388,000
On July 6, Pronghorn Company acquired the plant assets of Doonesbury Company, which had discontinued operations. The appraised value of the property is:
Pronghorn Company gave 12,500 shares of its $100 par value common stock in exchange. The stock had a market price of $239 per share on the date of the purchase of the property.
Purchased 7 times