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A corporation issued 180,000 common shares in exchange for land that has a fair market value of $2,300,000. The entry to
Posted: Wed Jul 06, 2022 6:12 am
by answerhappygod
- A Corporation Issued 180 000 Common Shares In Exchange For Land That Has A Fair Market Value Of 2 300 000 The Entry To 1 (31.22 KiB) Viewed 10 times
A corporation issued 180,000 common shares in exchange for land that has a fair market value of $2,300,000. The entry to record this transaction would include A credit to Land for $180,000 A debit to Land for $180,000 A debit to Common Shares for $2,300,000 A credit to Common Shares for $2,300,000