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Multiple Choice Question 56 Skysong, Inc. purchases land for $420000 cash. The clinic assumes $5400 in property taxes due on the land. The title and

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Multiple Choice Question 56 Skysong, Inc. purchases land for $420000 cash. The clinic assumes $5400 in property taxes due on the land. The title and attorney fees totaled $3200. The clin amount does Skysong, Inc. record as the cost for the land? $436200 O $428600 $427600. O $420000

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