2 XYZ Inc. issued 6,000 shares of its $10 par value common stock in exchange...
80.2K
Verified Solution
Link Copied!
Question
Accounting
2 XYZ Inc. issued 6,000 shares of its $10 par value common stock in exchange for land that has a market vaks of $64.000. The anty in recand this wa OAA credit to Land for $60,000. OB. A debit to Common Stock for $60,000 OC. A debit to Land for $60,000. OD.A credit to Paid-in Capital in Excess of Par Value, Common Stock for $24,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
