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nlexa [21]
3 years ago
10

Bills of attainder are....

Social Studies
1 answer:
GuDViN [60]3 years ago
4 0

Answer:

A

Explanation:

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Exchanged a land with an adjusted basis of 65,000 for 5,000 shares of corporation stock and 10,000 cash the corporation stock ha
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Answer:

Sr. No                Particulars                      Debit                    Credit

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              Cash                                                                       $ 10,000

Explanation:

Recording of purchase of land for stock of $ 80,000 and cash $ 10,000 . As the  value of land is $ 65,000 the loss is debited to the profit and loss account. the stock is recorded at the fair market value on the date.

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