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EX 13-5 Issuing stock for assets other than cash On July 11, American Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for

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EX 13-5 Issuing stock for assets other than cash On July 11, American Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 5,000 shares of $5 par common stock with a current market price of $32. Journalize the entry to record the transaction

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