Bruce Corporation issued 8,000 common shares in exchange for land that has a fair market value of $184,000.The entry to record this transaction would include
A) A debit to Common Shares for $8,000
B) A debit to Land for $8,000
C) A credit to Land for $184,000
D) A credit to Common Shares for $184,000
E) A debit to Common Shares for $184,000
Correct Answer:
Verified
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