Question) A coporation issued 6,000 shares of its $2 per value common stock in exchange for land that has a market value of $84,000. The entry to record this transcation wouod inclcude:

Answers) Multiple Choice:

A) A debit to common stock for $12,000

B) A debit to land for $12,000

C) A credit to paid in capital in Excess of per value, Common stock for $72,000

D) A credit to land for $12,000

E) A credit to common stock for 84,000

which one is the correct answer ?