Rogrer Company received a machine with a fair value of $130,000 and a building with...
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Accounting
Rogrer Company received a machine with a fair value of $130,000 and a building with a fair value of $200,000 in exchange for 6,000 shares of $45 par value common stock and $50,000 cash. The entry to record this transaction would include:
Select one:
a. Credit to Common Stock for $280,000
b. Credit to Additional Paid in Capital for $10,000
c. Credit to Retained earnings for $10,000
d. Credit to Additional Paid in Capital for $280,000
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