Question
The following expenditures were incurred by McCoy Company in purchasing land: cash price $75,000, accrued taxes $5,400, attorneys fees $2,800, real estate brokers commission $1,200,
The following expenditures were incurred by McCoy Company in purchasing land: cash price $75,000, accrued taxes $5,400, attorneys fees $2,800, real estate brokers commission $1,200, and clearing and grading $4,200. What is the cost of the land?
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Integrated Audit Practice Case
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
5th Edition
0912503351, 9780912503356
