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Stunda Company has $1 par value stock that is actively traded at $31 per share. The company issued 3,000 shares of stock to acquire land
Stunda Company has $1 par value stock that is actively traded at $31 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $100,000. When recording this transaction, Stunda Company will Odebit Land for $100,000 O credit Common Stock for $93,000 debit Land for $93,000 o credit Paid In Capital in Excess of Par for $93,000
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