1 hour, 47 minutes, 59 seconds. * Question Completion Status: Moving to another question will save this response. Question 6 XYZ Inc. issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include: OA. A debit to Common Stock for $60,000. OB. A credit to Land for $60,000. OC. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $24,000. OD.A debit to Land for $60,000. Moving to another question will save this response. Moving to another question will save this response. Question 7 XYZ Inc. issued 6,000 shares of $100 par value stock for $700,000 cash. The total amount of contributed capital in excess of par is: OA. $ 0. OB. $ 700,000. OC. $100,000. OD. $ 600,000. Moving to another question will save this response. * Question Completion Status: Moving to another question will save this response. Question 8 The costs of bringing a corporation into existence, including legal fees, promoter fees, and amounts paid to obtain a charter are called: OA. Cumulative costs. OB. Minimum legal capital. OC. Organization costs. OD. Stock subscriptions. L Moving to another question will save this response