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Question 3 The following expenditures were incurred by Splish Brothers Inc. in purchasing land: cash price $86,000, accrued taxes $5,100, attorneys' fees $3,500, real estate

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Question 3 The following expenditures were incurred by Splish Brothers Inc. in purchasing land: cash price $86,000, accrued taxes $5,100, attorneys' fees $3,500, real estate broker's commission $1,600, and clearing and grading $5,200. What is the cost of the land? Cost of the land

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