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Intermediate 2 problems 2 Putt Company issues 500 shares of ( $ 100 ) preferred stock to Drive Corporation in exchange for land on December
Intermediate 2 problems 2 Putt Company issues 500 shares of \( \$ 100 \) preferred stock to Drive Corporation in exchange for land on December 31 . This land was carried on Drive's books for \( \$ 40,000 \). Required: 1. Prepa 2 answers
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