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12.5 Issuing Stock for Assets Other Than Cash On November 23, Elder Lift Corporation, a wholesaler or hydraulic lifts, acquired land in exchange for 18,000

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12.5
Issuing Stock for Assets Other Than Cash On November 23, Elder Lift Corporation, a wholesaler or hydraulic lifts, acquired land in exchange for 18,000 shares of $12 par common stock with a current market price of $18. Journalize the entry to record the transaction. If an amount box does not require an entry, leave it blank. Nov. 23 99

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