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At the beginning of the year, the city of Kansas City, KS donated property to a local entrepreneur. What amount will the entrepreneur record

At the beginning of the year, the city of Kansas City, KS donated property to a local entrepreneur. What amount will the entrepreneur record as donated revenue and land for this transaction? Cost of the land on the City of Kansas City's books - $100,000 Fair value of land received by donation = $150.000 Numeric Response

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