A Company Acquires Land by Issuing 10,000 Shares of Its

A company acquires land by issuing 10,000 shares of its $10 par value common stock currently trading at $20 per share and the appraised value of the land is $250,000. Which of the following statements correctly describes the recording of the land?

A) Record the land at its appraised value of $250,000 and recognize a gain of $50,000 since the issued stock is currently worth $200,000.
B) Record the land at the $200,000 value of the consideration given up.
C) Record the land at the average of its appraised value of $250,000 and the $200,000 value of the stock issued, thereby recognizing a $25,000 gain.
D) Record the land at the par value of the stock given up, $100,000.