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Merchant Company purchased land for a building site. The costs associated with the property were: Purchase price $ 186,000Real estate commissions 16,100Legal fees 1,900Expenses of
Merchant Company purchased land for a building site. The costs associated with the property were: Purchase price $ 186,000Real estate commissions 16,100Legal fees 1,900Expenses of clearing the land 3,100What is the total recorded cost of the land?Multiple Choice$207,100$189,900$186,000$204,000$202,100
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
5th Edition
0131796712, 978-0131796713
