A-Team Corporation issued 1,000 shares of $5 par value stock for land. The stock is actively traded

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A-Team Corporation issued 1,000 shares of $5 par value stock for land. The stock is actively traded at $9 per share. The land was advertised for sale at $10,500. The land should be recorded at.

O $9,000.

O $5,000.

O $10,500.

O $4,000.n

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Jan 16, 2021 07:04 PM

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A-Team Corporation issued 1,000 shares of $5 par value stock for land. The stock is actively traded

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Answer The land should be recorded at 9000 Solution ATeam corporation should ... View the full answer

Fundamentals of Financial Accounting

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