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1. Budget Banners pays $200,000 cash for a group purchase of land, building, and equipment. At the time of acquisition, the land has a market
1. Budget Banners pays $200,000 cash for a group purchase of land, building, and equipment. At the time of acquisition, the land has a market value of $22,000, the building $187,000, and the equipment $11,000. Journalize the lump-sum purchase
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Connect For Financial Accounting
Authors: Author
6th Edition
1264140304, 9781264140305
