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C&H Corporation has 10,000 share of $10 par value stock authorized. It issues 2000 shares to John Deere Equipment for a tractor priced at $25,000.
C&H Corporation has 10,000 share of $10 par value stock authorized. It issues 2000 shares to John Deere Equipment for a tractor priced at $25,000. On that date the stock was trading for $12 per share. The tractor would be recorded at (A) $20,000 B $24,000 C) $25,000 D $29,000
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
