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Inflation was 8 percent during the most recent year and your organization's investment in land rose 12 percent. If the beginning appraised land value was
Inflation was 8 percent during the most recent year and your organization's investment in land rose 12 percent. If the beginning appraised land value was $1,000,000, what increase in specific prices over general price level would be reported, stated in year-end dollars?
| A. | $20,000 |
| B. | $40,000 |
| C. | $43,200 |
| D. | None of the above |
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Healthcare Finance: An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
6th Edition
1567937411, 978-1567937411
