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A taxpayer is selling a business property for $575,000. The buyer is assuming the rest of the $100,000 mortgage and paying off $5,000 of accrued
A taxpayer is selling a business property for $575,000. The buyer is assuming the rest of the $100,000 mortgage and paying off $5,000 of accrued taxes. What is the sales price of this property? Select one: a. $675,000 b. $680,000 c. $575,000 d. $105,000
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