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    Shorecrest Company Recently Accepted a Donation of Land with a Fair
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Shorecrest Company Recently Accepted a Donation of Land with a Fair

Question 64

Question 64

Short Answer

Shorecrest Company recently accepted a donation of land with a fair value of $250,000 from the city of Sutton in return for a promise to build a plant in Sutton.
The entry that Shorecrest should use to record this land is:
Shorecrest Company recently accepted a donation of land with a fair value of $250,000 from the city of Sutton in return for a promise to build a plant in Sutton. The entry that Shorecrest should use to record this land is:

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