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A buyer (unrealted party) brought an investment land from Smith for $250,000 cash, assumed Smith's $600,000 mortgage on the land, and gave Smith its $580,000

A buyer (unrealted party) brought an investment land from Smith for $250,000 cash, assumed Smith's $600,000 mortgage on the land, and gave Smith its $580,000 ten-year, interest-bearing note. Compute Smith's amount realized on sale.

A. $850,000

B. $830,000

C. $1,430,000

D. $250,000

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