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An investor purchased a 2-acre commercial lot in South Carolina. The seller agreed to pay tax through the closing date, August 20. Assuming a 360-day
An investor purchased a 2-acre commercial lot in South Carolina. The seller agreed to pay tax through the closing date, August 20. Assuming a 360-day year, how will the tax be prorated if the tax assessor's value is $640,000 and the tax rate is 300 mills? A. Debit seller $7,360 and credit buyer $4,160 B. Debit seller $7,360 and credit buyer $7,360 C. Debit buyer $4,160 and credit seller $7,360 D. Debit buyer $7,360 and credit seller $7,360 chegg
A. Debit seller $7,360 and credit buyer $4,160
B. Debit seller $7,360 and credit buyer $7,360
C. Debit buyer $4,160 and credit seller $7,360
D. Debit buyer $7,360 and credit seller $7,360 chegg
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