Question: On September 1 , 2 0 2 3 , SI exchanged 2 , 0 0 0 shares of its common shares for a parcel of

On September 1,2023, SI exchanged 2,000 shares of its common shares for a parcel of land to be held for a future plant site. SI's common shares had a fair market value of $80 per share on September 1,2023.(Based on several recent large trading volumes.) SI received netted $9,000 from the demolition of an existing building on the site. The book value of the land acquired is: Question 98 options: $169,000. $120,000. $151,000. $160,000.

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