When a corporation issues preferred shares that are readily marketable, in exchange for land, the land should be recorded at the:

Name: When a corporation issues preferred shares that are readily marketable, in exchange for land, the land should be recorded at the:
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The land should be recorded at the current market value of the shares issued because this reflects the fair value of the consideration exchanged, which is a principle generally accepted in accounting for non-monetary transactions.

When a Corporation Issues Preferred Shares That Are Readily Marketable