Falcon Mart is a national retail chain selling wild bird feed and bird houses. The...
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Accounting
Falcon Mart is a national retail chain selling wild bird feed and bird houses. The company prepares its financial statements accordance with IFRSTo entice the company to open a store inside city limits, the city of Wilmerville offered to contribute $100,000 towards the purchase of a piece of land for the store. The value of the land was $300,000. Falcon Mart can choose one of two methods to record the land. Which entry below correctly shows one of the options Falcon Mart can choose ?
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