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What amount should the land be recorded in the books

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Problem 1: On October 17, ORANGE Company issued 15,000 shares of its ?100 par ordinary share in acquiring a land that has a fair value of ? 1,700,000 during that date. The ordinary share is actively selling at ?120 per share. On December 31, the land has a fair value of ?2,100,000. At what amount should the Land be recorded in the books of Orange?

A) ? 2,100,000
B) ? 1,500,000
C) ? 1,800,000
D) ? 1,700,000

Reference no: EM132737776

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