Appraisal value of this acquired land

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Reference no: EM131266000

On May 26, 2012, the Georgia Corp. acquired a piece of land by issuing 60,000 shares of its $9 par value common stock. The list price of the land was $625,000 and on May 26, 2012, Georgia's common stock was actively trading in the marketplace at $10 per share. The May 26, 2012 appraisal value of this acquired land was $580,000

Reference no: EM131266000

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