On January 14, Berg learned that the person who purchased the land on January 11 for $10,000

Question:

On January 14, Berg learned that the person who purchased the land on January 11 for $10,000 sold it for $15,000. The lot still owned by Evergreen Market was identical in value with this other plot.

What changes, if any, should be made in the January 13 balance sheet so that it reports the financial condition on January 14?

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Related Book For  book-img-for-question

Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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