When common stock is issued in exchange for land, the land should be recorded in the accounts at the par value of the stock issued.

Name: When common stock is issued in exchange for land, the land should be recorded in the accounts at the par value of the stock issued.
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When common stock is issued in exchange for land, the land should be recorded at the fair market value of the land or the fair market value of the stock issued, whichever is more clearly determinable.

When Common Stock Is Issued in Exchange for Land, the Land