Question: Land appraised at $ 7 5 , 2 0 0 is purchased by issuing 9 4 0 shares of $ 2 0 par value common

Land appraised at $75,200 is purchased by issuing 940 shares of $20 par value common stock. The market price of the shares at the time of the exchange, based on active trading in the securities market, is $95 per share. Should the land be recorded at $18,800, $75,200, or $89,300?
The land should be recorded at $
Land appraised at $ 7 5 , 2 0 0 is purchased by

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