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Business, 08.12.2020 16:40 missdaisy789

Macko Inc. received equipment valued at $40,000 and a building valued at $200,000 in exchange for 4,500 shares of $32par value common stock and $50,000 cash. The entry to record this transaction would include: a. Credit to Additional Paid in Capital for $ 190,000
b. Credit to Common Stock for $190,000
c. Credit to Additional Paid in Capital for $ 45,000
d. Credit to Retained Earnings for $46,000

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Macko Inc. received equipment valued at $40,000 and a building valued at $200,000 in exchange for 4,...
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