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On March 1, 2020, Truffles Corporation issues 10,000 comman shares at the current market value of $10 in exchange for equipment. The fair value of

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On March 1, 2020, Truffles Corporation issues 10,000 comman shares at the current market value of $10 in exchange for equipment. The fair value of the equipment cannot be determined. What is the journal entry to record the transaction? Select one: a. Debit Common Shares $100,000, Equipment $100,000 b. Debit Equipment $100,000. Credit Accounts Payable $100,000 c. Debit Equipment $100,000, Credit Common Shares $100,000 d. Cannot be identified from the given information

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