KJ Company received a piece of land at market value for $80,000 The asking price was $90,000 Through this transaction, 30,000 common shares were issued with a par value of $1 per share Prepare the corresponding accounting record ...

The accounting record for KJ Companys transaction should reflect the fair value of the land received ...

KJ Company received a piece of land at market value for $80,000. The asking price was $90,000.

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KJ Company received a piece of land at market value for $80,000. The asking price was $90,000. Through this transaction, 30,000 common shares were issued with a par value of $1 per share. Prepare the corresponding accounting record.

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Financial Accounting A User Perspective

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6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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KJ Company received a piece of land at market value for $80,000. The asking price was $90,000.

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Financial Accounting A User Perspective

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