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On June 25 , AAA Repair Service extended an offer of $65,000 for land that had been priced for sale at $75,000. On July 9,

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On June 25 , AAA Repair Service extended an offer of $65,000 for land that had been priced for sale at $75,000. On July 9, AAA Repair Service accepted the seller's counteroffer of $71,000. On October 1 , the land was assessed at a value of $107,000 for property tax purposes. On December 22, AAA Repair Service was offered $114,000 for the land by a national retail chain. At what value should the land be recorded in AAA Repair Service's records? X Sid Summitt is the stockholder and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, December 31,20Y2, Way to Go has assets of $832,000 and liabilities of $200,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31,20Y2. b. Stockholders' equity as of December 31,20Y3, assuming that assets decreased by $158,000 and liabilities decreased by $48,000 during 20Y3

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