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Issuing Stock for Assets Other Than Cash On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 16,000 shares

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Issuing Stock for Assets Other Than Cash On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 16,000 shares of $12 par common atock with a current market price of $20. Joumalize the entry to record the transaction. If an amount box does not require an entry, leave it biank

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