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A company acquires land by issuing 12,500 shares of its $15 par value common stock currently trading at $15 per share and the appraised value

A company acquires land by issuing 12,500 shares of its $15 par value common stock currently trading at $15 per share and the appraised value of the land is $275,000. Which of the following statements correctly describes the recording of the land?

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