For how much will you debit land for if land's asking price is $510,000, land's selling price is $490,000 and you issued 5,000 shares of common stocks in Oxchange for the land. stock selling price is $2/share and selling price is $100/sh.
For how much will you debit land for if land's asking price is $510,000, land's selling price is $490,000 and you issued 5,000 shares of common stocks in Oxchange for the land. stock selling price is $2/share and selling price is $100/sh.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1.
Transcribed Image Text:2) For how much will you debit land for if land's asking price is $510,000, land's
selling price is $490,000 and you issued 5,000 shares of common stocks in
exchange for the land. stock selling price is $2/share and selling price is $100/sh.
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