Question: Carson Enterprise acquired a land and building with a current market value of P45,000,000. In exchange for the property, Carson issued 200,000 ordinary shares, par
Carson Enterprise acquired a land and building with a current market value of P45,000,000. In exchange for the property, Carson issued 200,000 ordinary shares, par P215, with an estimated market value of P230 per share. If Carson's shares are actively traded in the stock exchange, at what amount should this property be recorded?
Group of answer choices
46,000,000
43,000,000
44,000,000
45,000,000
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