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A building with an appraisal value of $125,976 is made available at an offer price of $155,314. The purchaser acquires the property for $38,286 in
A building with an appraisal value of $125,976 is made available at an offer price of $155,314. The purchaser acquires the property for $38,286 in cash, a 90-day note payable for $29,105, and a mortgage amounting to $55,134. The cost of the building to be reported on the balance sheet is a. $125,976 b. $122,525 c. $155,314 d. $117,028 G.
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