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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