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On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 29,000 shares of $15 par common stock with a
On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 29,000 shares of $15 par common stock with a current market price of $21. Journalize the entry to record the transaction. If an amount box does not require an entry, leave it blank. preferred stock, $70 par at $74. b. What is the total amount invested (total paid-in capital) by all stockholders as of June 30
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