Business, 14.12.2019 06:31 izzyp619

Jose garcia agrees to contribute land with a fair market value of $10,000 in exchange for 200 shares of damian inc.'s common stock with a par value of $10 per share. the journal entry to record this transaction in the books of damian, inc., will include a credit to in the amount of
a. cash; $10,000
b. paid-in capital, in excess of par; $10,000
c. common stock; $10,000
d. paid-in capital, in excess of par; $8,000

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Jose garcia agrees to contribute land with a fair market value of $10,000 in exchange for 200 shares...

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