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ABC inc. is a publicly traded company and has issued 10.000 common shares in exchange for a parcel of land on January 2. The shares

ABC inc. is a publicly traded company and has issued 10.000 common shares in exchange for a parcel of land on January 2. The shares weretrading at $4 per share, and the tand was valued at $50,000 on the date of the acquisition. Identify the journal entry to record the issue of 10,000 common shares in exchange for land

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