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Question 16 of 20 - / 0.4 III View Policies Current Attempt in Progress Vaughn County owned an idle parcel of real estate consisting of
Question 16 of 20 - / 0.4 III View Policies Current Attempt in Progress Vaughn County owned an idle parcel of real estate consisting of land and a factory building Vaughn gave title to this realty to Cullumber Company as an incentive for Cullumber to establish manufacturing operations in the County. Cullumber paid nothing for this realty. which had a fair value of $200000 at the date of the grant. Cullumber should record this nonmonetary transaction as a O credit to Contribution Revenue for $200000. O credit to Donated Capital for $200000. O credit to Comprehensive Income for $200000. O memo entry only
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