A Moving to another question will save this response. Question 4 XYZ Inc. issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84,000. The entry to...


A Moving to another question will save this response.<br>Question 4<br>XYZ Inc. issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include:<br>O A. A debit to Land for $60,000.<br>O B. A credit to Land for $60,000.<br>O C. A debit to Common Stock for $60,000.<br>O D. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $24,000.<br>

Extracted text: A Moving to another question will save this response. Question 4 XYZ Inc. issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include: O A. A debit to Land for $60,000. O B. A credit to Land for $60,000. O C. A debit to Common Stock for $60,000. O D. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $24,000.

Jun 08, 2022
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