How would you recommend the building acquisition be recorded

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Reference no: EM131294247

Sayer Co. entered into a contract woth Bradford Construction Co. for construction of an office building at a cost of $680,000. Upon completion of construction, Bradford agreed to accept in full payment fo the contract price Sayer Co.'s %10 bond with a face value of $350,000 and common stock with a par value of $90,000 and no established fair market value. Sayer Co.'s bonds are selling in the market at this time at 106. how would you recommend the building acquisition be recorded?

Reference no: EM131294247

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How would you recommend the building acquisition be recorded : Sayer Co. entered into a contract woth Bradford Construction Co. for construction of an office building at a cost of $680,000. Upon completion of construction, Bradford agreed to accept in full payment fo the contract price Sayer Co.'s %10 bond with ..

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