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Business, 25.01.2020 06:31 borgesalfonso12
Jackson company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. the company issued 3,000 shares of stock to acquire land recently advertised at $200,000. when recording this transaction, jackson company will
a) debit land for $200,000.
b) credit common stock for $192,000.
c) debit land for $192,000.
d) credit paid-in capital in excess of par for $196,000.
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Answers: 3
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