A large commercial cleaning service in the Southwest require…

A large commercial cleaning service in the Southwest requires all Hispanic applicants for supervisory positions to have a high school diploma from Mexico or from the U.S. or a G.E.D. U.S.-born applicants are not required to have a high school diploma or G.E.D. This is an example of

During its inception, Devon Company purchased land for $100,…

During its inception, Devon Company purchased land for $100,000 and a building for $180,000. After exactly 3 years, it transferred these assets and cash of $50,000 to a newly created subsidiary, Regan Company, in exchange for 15,000 shares of Regan’s $10 par value stock. Devon uses straight-line depreciation. Useful life for the building is 30 years, with zero residual value. An appraisal revealed that the building has a fair value of $200,000.   Based on the information provided, what amount would be reported by Devon Company as investment in Regan Company common stock?