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Crane Company is a publicly held corporation whose $1 par value stock is actively traded at $28 per share. The company issued 2000 shares
Crane Company is a publicly held corporation whose $1 par value stock is actively traded at $28 per share. The company issued 2000 shares of stock to acquire land recently advertised at $90000. When recording this transaction, Crane Company will credit Paid-In Capital in Excess of Par for $5900 debit Land for $90000. credit Common Stock for $56000. debit Land for $56000
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