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Barry bus a house from Marty on June 1, 2018. Marty pre-paid the entire year's real estate taxes of 6,000 on January 1, 2018. Barry
Barry bus a house from Marty on June 1, 2018. Marty pre-paid the entire year's real estate taxes of 6,000 on January 1, 2018. Barry paid Marty $300,000 in cash, gave him shares of Microsoft stock, which he purchased for $150,000 and were worth $250,000 on June 1, 2018, and the seller gave Barry additional financing of $275,000. Barry paid $4,500 to his lawyer to handle the transaction.
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
1st edition
1111822360, 978-1337116619, 1337116610, 978-1111822378, 1111822379, 978-1111822361
