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3. Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. The company issued 3,000 shares

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3. Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $200,000. When recording this transaction, Barton Company will credit Common Stock for $192,000. credit Paid-In Capital in Excess of Par for $196,000. debit Land for $192,000. debit Land for $200,000. none of the above are correct. ounce

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