Question
A company purchased a building with a market value of $100,000. Instead of paying cash for the building, the company gave 5,000 shares of its
A company purchased a building with a market value of $100,000. Instead of paying cash for the building, the company gave 5,000 shares of its own stock to the building seller. The companys stock has a market value of $20 per share.
WHAT IS THE JOURNAL ENTRY?
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European Financial Reporting Adapting To A Changing World
Authors: J. Flower
2nd Edition
0333685180, 9780333685181
