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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 42
Prepare the journal entry to record Autumn Company's issuance of 63,000 shares of no-par value common stock assuming the shares:
a. Sell for $29 cash per share.
b. Are exchanged for land valued at $1,827,000.
a. Sell for $29 cash per share.
b. Are exchanged for land valued at $1,827,000.
Explanation
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Capital stock
Capital stock means share...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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