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Baden Company is a publicly held corporation whose no par value shares, issued at $1/share, are actively traded at $20 per share. The company
Baden Company is a publicly held corporation whose no par value shares, issued at $1/share, are actively traded at $20 per share. The company issued 1,000 shares to acquire land recently advertised at $15,000. When recording this transaction, Baden Company will debit Land for $15,000. credit Common Shares for $15,000. Odebit Land for $20,000. credit Contributed Capital in Excess of Stated Value for $14,000.Option 4
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