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EX 11-5 Issuing stock for assets other than cash On May 10, First Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for

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EX 11-5 Issuing stock for assets other than cash On May 10, First Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 3,600 shares of s par common stock with a current market price of $28. Journalize the entry to record the transaction. OBJ. 2

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