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Amos Company acquired land in exchange for 10,000 shares ofits $10 par common stock. The fair market value of the land is notdeterminable, but the stock is widely traded and was selling for$25 per share when exchanged for the land. At what amount should the land be recorded by Amos Company?
a. $150,000
b. $250,000
c. $350,000
d. $100,000
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