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john kim agrees to contribute equipment with a fair market value of $5,000 in exchange for 100 shares of rio inc.'s common stock with a par value of $1 per share. rio will record this transaction as a credit to which of the following accounts? (check all that apply.) multiple select question. equipment paid-in capital in excess of par value paid-in capital in excess of land cash common stock

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Answer:

Rio Inc. will record this transaction as a credit to "Equipment" and "Common Stock."

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