fielder company obtained land by issuing 2000


Fielder company obtained land by issuing 2,000 shares of its $10 par value ordinary shares. The land was recently appraised at $85,000. The ordinary shares are aggressively traded at $40 per share. Prepare journal entry to record the acquisition of the land.

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Cost Accounting: fielder company obtained land by issuing 2000
Reference No:- TGS0484138

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