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Corporation A is a publicly held corporation whose shares, issued at $1 per share, are actively traded at $20 per share, The corporation issued 1100

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Corporation A is a publicly held corporation whose shares, issued at $1 per share, are actively traded at \$20 per share, The corporation issued 1100 shares to acquire land recently appraised at $9400. When recording this transaction, Corporation A will credit Common Shares for $22000. debit Land for $22000. debit Land for $9400. credit Gain on Purchase of Land for $12600

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