Chase County owned an idle parcel of real estate consisting of land and a factorybuilding. Chase gave title to this realty to Patton Co. as an incentive for Patton toestablish manufacturing operations in the County. Patton paid nothing for this realty, which had a fair market value of $250,000 at the date of the grant. Patton should record this non-monetary transaction as amemo entry only, credit to contribution revenue for $250,000, credit to extraordinary income for $250,000 or credit to donated capital for $250,000
https://uniessaywriters.com/wp-content/uploads/2020/07/LOG-300x75.png 0 0 developer https://uniessaywriters.com/wp-content/uploads/2020/07/LOG-300x75.png developer2020-08-12 16:38:502020-08-12 16:38:50Chase County owned an idle parcel of real estate consisting of land and a factory building. Chase gave title to this realty to Patton Co.