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A building with an appraisal value of $139,620 is made available at an offer price of $157,204. The purchaser acquires the property for $34,389
A building with an appraisal value of $139,620 is made available at an offer price of $157,204. The purchaser acquires the property for $34,389 in cash, a 90-day note payable for $31,423, and a mortgage amounting to $51,324. The cost of the building to be reported on the balance sheet is O $157,204 Ob. $122,815 Oc $139,620 04 $117,136
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
