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A building with an appraisal value of $132,217 is made available at an offer price of $157,222. The purchaser acquires the property for $30,723 in
A building with an appraisal value of $132,217 is made available at an offer price of $157,222. The purchaser acquires the property for $30,723 in cash, a 90 -day note payable for $26,289, and a mortgage amounting to $50,043. The cost of the building to be reported on the balance sheet is a. $107,055 b. $126,499 c. $157,222 d. $132,217
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