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8t Corporation A is a publicly held corporation whose shares, issued at $1 per share, are actively traded at 515 per share. The corporation issued
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Corporation A is a publicly held corporation whose shares, issued at \$1 per share, are actively traded at 515 per share. The corporation issued 1300 shares to acquire land recently appraised at $11000. When recording this transaction, Corporation A wili credit Gain on Purchase of Land for $8500. credit Common 5 hares for $19500 debit Land for $19500. debit Land for $11000. Metlock Corporation has the following shareholders' equity on December 31, 2024: If 510 preferred shares are converted into common shares what is the dollar value of the common shares issued? $9039$10200$50000$66300 Step by Step Solution
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