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11. A parcel of land is offered for sale at $150,000, assessed for tax purposes at $95,000, recognized by its purchasers as being worth $140,000

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11. A parcel of land is offered for sale at $150,000, assessed for tax purposes at $95,000, recognized by its purchasers as being worth $140,000 and purchased for $137,000. The land should be recorded in the purchaser's books at: A. $95,000 B. $137,000 C. $150,000 D. $140,000 2 points

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