Waterway County owned an idle parcel of real estate consisting of land and a factory building. Waterway gave title to this realty to Carla Vista Co. as an incentive for Carla Vista to establish manufacturing operations in the County. Carla Vista paid nothing for this realty, which had a fair value of $225000 at the date of the grant. Carla Vista should record this nonmonetary transaction as a:
A. credit to Contribution Revenue for $225000
B. memo entry only
C. credit to Donated Capital for $225000.
D. credit to Comprehensive Income for $225000.
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