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MCQ Granting Hope Inc. (GHI) purchased a warehouse and the land upon which it was located. The total price was $450,000. The land was appraised
MCQ Granting Hope Inc. (GHI) purchased a warehouse and the land upon which it was located. The total price was $450,000. The land was appraised for $180,000 while the warehouse was appraised for $360,000. What account balances should GHI show in its general ledger? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a a Land $180,000; Warehouse $360,000 b Land $166,667; Warehouse $333,333 Land $150,000; Warehouse $350,000 d Land $150,000; Warehouse $300,000
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