Question
Morant Corp. issues 12,000 shares of its $2.00 par value common stock for land with an appraised value of $541,500. Morant's stock is publicly traded
Morant Corp. issues 12,000 shares of its $2.00 par value common stock for land with an appraised value of $541,500.
Morant's stock is publicly traded on an active market, and its price at the time of the exchange is $50.00 per share.
The journal entry to record the exchange will include a credit to paid in capital in excess of par of
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Water Audits And Loss Control Programs
Authors: American Water Works Association
4th Edition
1625761007, 978-1625761002
