Multiple Choice
If a parcel of land is offered for sale at $45,000, is assessed for tax purposes at $20,000, is considered by its purchasers to be worth $36,000, and is purchased for $34,000, the land should be recorded in the purchaser's books at
A) $20,000
B) $34,000
C) $36,000
D) $45,000
E) $54,000
Correct Answer:
Verified
Correct Answer:
Verified
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