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Taylor Company received a gift of land and building from the town of Saunderstown as an inducement to relocate there. The land and buildings have
Taylor Company received a gift of land and building from the town of Saunderstown as an inducement to relocate there. The land and buildings have fair values of $39,000 and $395,000. Prepare the appropriate journal entry for this transaction.
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Strategic Managerial Accounting: Hospitality, Tourism & Events Applications
Authors: Tracy Jones, Helen Atkinson, Angela Lorenz, Peter Harris
6th Edition
