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Alma Corp. issues 1,190 shares of $5 par common stock at $16 per share. When the transaction is recorded, credits are made to Oa. Common Stock, $13,090 and Paid-In Capital in Excess of Stated Value, $5,950. b. Common Stock, $5,950 and Retained Earnings, $13,090. c. Common Stock, $19,040. Od. Common Stock, $5,950 and Paid-In Capital in Excess of Par-Common Stock, $13,090.Kansas Company acquired a building valued at $163,000 for property tax purposes in exchange for 12,000 shares of its $5 par common stock. The stock is widely traded and selling for $20 per share. At what amount should the building be recorded by Kansas Company? Oa. $163,000 Ob. $60,000 °C, $240,000 Od. $179,500

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Answer: d. Common stock, $5950 and paid in capital in excess of par - common stock $13,090 Date Account Titles and Explanatio

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