Jose garcia agrees to contribute land with a fair market value of $10,000 in exchange for 200 shares of damian inc.'s common stock with a par value of $10 per share. the journal entry to record this transaction in the books of damian, inc., will include

Dr Land account 10,000

Cr Common Stock account 2,000

Cr Capital Paid in Excess of Par Value account 8,000

Whenever a company sells stock it must record the transaction under common stock account at par value (= 200 shares x $10 = $2,000). Any extra money received must be recorded as capital paid in excess of par value (= $10,000 - $2,000). The basis for the land that Jose Garcia contributes must be its fair market value ($10,000).

there is no possible way mgk stands a chance with the greatest white rapper of all time. eminem killshots had more bars than rap devil and the reason mgk is doing all this is cause he not getting attention anymore til the release of rap devil and the disses he is putting on eminem. now rap devil was more fire than killshot so mgk might won the battle with rap devil but eminem won the war with killshot.

answer; lags, push the econ below the natural level of output;