2 XYZ Inc. issued 6,000 shares of its $10 par value common stock in exchange...
80.2K
Verified Solution
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
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.