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Record the transactions at the fair value of the goods

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Question - Forgin Co. Issued 500 common shares to We Can Advertize for advertising services. The shares currently are valued at $24 per share, and the advertising services rendered are valued at $11,000. Provide the journal entry to be recorded with respect to issue of these shares. Record the transactions at the fair value of the goods / services acquired.

Reference no: EM133122568

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