Question: Small Co . issued 1 0 , 0 0 0 shares of its $ 2 par common stock, which has no established market value, in

Small Co. issued 10,000 shares of its $2 par common stock, which has no established market value, in exchange for a building with a fair market value of $50,000. Therefore, the stock issuance will be accounted for at $50,000.
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