Issuing stock for assets other than cash OBJ. 2 On July 11, American Lift Corporation, a wholesaler
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Issuing stock for assets other than cash OBJ. 2 On July 11, American Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 5,000 shares of $5 par common stock with a current market price of $32.
Journalize the entry to record the transaction.
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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