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Joseph's investments: truck book value $11,000, fair value $12,500 Sarah's investments: land & building book value $23,000, fair value $31,000 and a mortgage of $10,000.
Joseph's investments:
truck book value $11,000, fair value $12,500
Sarah's investments:
land & building book value $23,000, fair value $31,000 and a mortgage of $10,000. how much should be recorded in Sarah's account?
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College Accounting Ch 1-14
Authors: John Wild, Vernon Richardson, Ken Shaw
1st Edition
0073346896, 9780073346892
