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A corporation issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84,000. The entry

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A corporation issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include: O A credit to Land for $60,000. A debit to Land for $60,000. O A debit to Common Stock for $60,000. A credit to Contributed Capital in Excess of Par Value, Common Stock for $24,000

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