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A building with an appraisal value of $132,977 is made available at an offer price of $157,548. The purchaser acquires the property for $34,715 in
A building with an appraisal value of $132,977 is made available at an offer price of $157,548. The purchaser acquires the property for $34,715 in cash, a 90-day note payable for $22,211, and a mortgage amounting to $54,849. The cost basis recorded in the buyer's accounting records to recognize this purchase is Oa. $132,977 Ob. $111,775 Oc. $122,833 Od. $157,548
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