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A building with an appraisal value of $136,230 is made available at an offer price of $159,532. The purchaser acquires the property for $31,692 in
A building with an appraisal value of $136,230 is made available at an offer price of $159,532. The purchaser acquires the property for $31,692 in cash, a 90-day note payable for $21,918, and a mortgage amounting to $59,104. The cost of the building to be reported on the balance sheet is a. $159,532 O b. $127,840 O c. $112,714 Od. $136,230 6
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