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Dailey Company has $1 par value ordinary shares that are actively traded at $22 per share. The company issued 3,000 shares to acquire land
Dailey Company has $1 par value ordinary shares that are actively traded at $22 per share. The company issued 3,000 shares to acquire land that was recently advertised at $82,000. When recording this transaction, Dailey Company will credit Share Premium-Ordinary for $79,000 credit Share Capital-Ordinary for $66,000 debit Land for $82,000 debit Land for $66,000
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
