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1. To acquire land and building the company paid $80,000 cash and 800 shares of its 8% preferred stock, par value $100 per share. My
1. To acquire land and building the company paid $80,000 cash and 800 shares of its 8% preferred stock, par value $100 per share. My question: The land and building are to be adjusted by $80,000, correct
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Loose Leaf Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds, Frances McNair, Philip Olds
8th Edition
0077433807, 978-0077433802
