Headland Company obtained land by issuing 1,840 shares of its $10 par value ordinary shares. The land

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Headland Company obtained land by issuing 1,840 shares of its $10 par value ordinary shares. The land was recently appraised at $85,000. The ordinary shares are actively traded at $40 per share.

Prepare the journal entry to record the acquisition of the land.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Posted Date: Apr 15, 2024 06:45 AM

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Headland Company obtained land by issuing 1,840 shares of its $10 par value ordinary shares. The land

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To record the acquisition of the land Headland Company will need to make the fol... View the full answer

Intermediate Accounting

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