A corporation issued 5,000 shares of $10 par value common stock in exchange for

A corporation issued 5,000 shares of $10 par value common stock in exchange for some land with a market value of $60,000. The entry to record this exchange is=================================================================A corporation issued 5,000 shares of $10 par value common stock in exchange for some land with amarket value of $60,000. The entry…

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