Page 29 of 66 Question 29 (2.5 points) Becker Company is a publicly held corporation whose $1 par value stock is actively traded at $20 per share. The company issued 2,000 shares of stock to acquire land recently advertised at $50,000. When recording this transaction, Becker Company will a) debit Land for $50,000. Ob) debit Land for $40,000. B O c) credit Paid-In Capital in Excess of Par Value for $48,000. d) credit Common Stock for $40,000. Page 29 of 66 Question 29 (2.5 points) Becker Company is a publicly held corporation whose $1 par value stock is actively traded at $20 per share. The company issued 2,000 shares of stock to acquire land recently advertised at $50,000. When recording this transaction, Becker Company will a) debit Land for $50,000. Ob) debit Land for $40,000. B O c) credit Paid-In Capital in Excess of Par Value for $48,000. d) credit Common Stock for $40,000