=+a. Timber rights on a tract of land were purchased for $1,170,000 on July 5. The stand

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=+a. Timber rights on a tract of land were purchased for $1,170,000 on July 5. The stand of timber is estimated at 4,500,000 board feet. During the current year, 1,370,000 board feet of timber were cut and sold.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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