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    Exam 13: Corporations: Organization, Stock Transactions, and Dividends
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    On April 10, a Company Acquired Land in Exchange for 1,000
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On April 10, a Company Acquired Land in Exchange for 1,000

Question 170

Question 170

Essay

On April 10, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current market price of $73. Journalize this transaction.

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