Business, 30.03.2020 23:48 FailingstudentXD

Tom Yuppy, a wealthy investor, exchanged a plot of land that originally cost him $60,720 for 1,380 shares of $10 par common stock issued to him by Leuig Corp. On the same date, Leuig Corp. issued an additional 2,760 shares of stock to Yuppy for $44 per share. Required a. What was the value of the land at the date of the stock issue?

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