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A building with an appraisal value of $138,877.00 is made available at an offer price of $158,952.00. The purchaser acquires the property for $34,507.00 in
A building with an appraisal value of $138,877.00 is made available at an offer price of $158,952.00. The purchaser acquires the property for $34,507.00 in cash, a 90-day note payable for $30,919.00, and a mortgage amounting to $55,508.00. What is the cost basis recorded in the buyer's accounting records to recognize this purchase? Select the correct answer. O$158,952.00 O$120,934.00 O$124,445.00 O$138,877.00
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