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39. (1 point) Trojan acquired 25 acres of land from Troy. Trojan gave Troy 5,000 shares of Trojan's $1 par value common stock in exchange
39. (1 point) Trojan acquired 25 acres of land from Troy. Trojan gave Troy 5,000 shares of Trojan's $1 par value common stock in exchange for the land. At the time of the acquisition, Trojan's stock had a market value of $10 per share while the assessed value of Troy's land was $46,000. Trojan is NOT a publicly- traded company. Prepare the entry Trojan should make to record its acquisition of the land
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