These expenditures were incurred by Dunston Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorneys
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These expenditures were incurred by Dunston Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorney’s fees $2,100; real estate broker’s commission
$3,300; and clearing and grading $3,500. What is the cost of the land?
AppendixLO1
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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