When cities give land or buildings to a company to locate in the community, no entry is made since there is no cost to the company.

Name: When cities give land or buildings to a company to locate in the community, no entry is made since there is no cost to the company.
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Question

Quizplus · Accepted Answer

While there may not be a monetary cost to the company, receiving land or buildings as an incentive to locate in a community is still considered a form of compensation and should be recorded as such in the company's financial statements.

When Cities Give Land or Buildings to a Company to Locate