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Suppose you are considering the purchase of a building. The seller is asking $220,000 for a building that met her $110,000. An appoil shows
Suppose you are considering the purchase of a building. The seller is asking $220,000 for a building that met her $110,000. An appoil shows the building has a value of $105.000 Y est offer $175,000. The solor counter offers with $215,000. Finally, you and the seller agree on a price of $200.000. What dollar amount for the building is reported on your financial ments? Which accounting aution or principle guides your answer What dolar amount for the building is reported on your financial stateme The dollar amount for the building to be reported on your financial statements
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