[Solved] Rafael sold an asset to Jamal. What is Ra

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Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios? a. Rafael received $107,500

Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios?

a. Rafael received $107,500 cash and a vehicle worth $14,200.Rafael also pays $7,100 in selling expenses.

Amount realized

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