shappeMadmirubisba shappeMadmirubisba

22-11-2016
Mathematics

Answered

A-Team Corporation issued 1,000 shares of $5 par value stock for land. The stock is actively traded at $9 per share. The land was advertised for sale at $10,500. The land should be recorded at:

A.$4,000.

B.$5,000.

C.$9,000.

D.$10,500.

Verified Answer :

Anonymous Anonymous

05-12-2016

The land was advertised for sale at $10,500. The land should be recorded at $ 9,000. Below is the solution:

USD 9,000 = 1000 x USD 9

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