The land should be recorded at $9,000.
A stock is a type of security that denotes the holder's ownership stake in the issuing company and is typically traded on stock exchanges. In order to raise money to run their businesses, corporations issue stock. The two primary stock categories are common and preferred. Stock in the context of finance refers to the shares into which ownership in a corporation or company is split. A single share of stock represents a fractional ownership interest in the company based on the total number of shares. Stocks are listed on a particular exchange, which serves as a market for the shares of those stocks and connects buyers and sellers.
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