Butch Tech provides laptop-related maintenance services to Turner. In exchange, ButchTech received 180 shares of...

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Accounting

Butch Tech provides laptop-related maintenance services to Turner. In exchange, ButchTech received 180 shares of turner no-par common stock. determine the transaction price in the contract for the following scenarios (a)180 shares of turner's stock are traded on an active market for 57,000. The standalone value of the maintenance services 1s 59,000(b) Turner is privately held, making a difficult to estimate the fair value of the shares given in exchange for the maintenance services

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