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Business, 13.02.2020 21:45 haleeleslie80
Pine City owned a vacant plot of land zoned for industrial use. Pine gave this land to Medi Corp. solely as an incentive for Medi to build a factory on the site. The land had a fair value of $300,000 at the date of the gift. This nonmonetary transaction is most likely to be reported by Medi as
A. A credit to retained earnings.
B. A memorandum entry.
C. Other comprehensive income.
D. Contribution revenue
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Pine City owned a vacant plot of land zoned for industrial use. Pine gave this land to Medi Corp. so...
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