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! Required information Problem 11-32 (LO 11-1) (Algo) [The following information applies to the questions displayed below.] Rafael sold an asset to Jamal. What is
! Required information Problem 11-32 (LO 11-1) (Algo) [The following information applies to the questions displayed below.] Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios? Problem 11-32 Part-a (Algo) a. Rafael received $91,500 cash and a vehicle worth $19,900. Rafael also paid $6,900 in selling expenses. Amount realized Problem 11-32 Part-b (Algo) b. Rafael received $98,500 cash and was relieved of a $45,000 mortgage on the asset he sold to Jamal. Rafael also paid a commission of $6,900 on the transaction. Amount realized Problem 11-32 Part-c (Algo) c. Rafael received $35,750 cash, a parcel of land worth $54,500, and marketable securities of $14,300. Rafael also paid a commission of $11,250 on the transaction. Amount realized
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