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Hull Company Acquires Land for $86,000 Cash

Question 67

Multiple Choice

Hull Company acquires land for $86,000 cash. Additional costs are as follows: Hull Company acquires land for $86,000 cash. Additional costs are as follows: Hull will record the acquisition cost of the land as A) $86,000. B) $87,690. C) $89,610. D) $89,370. Hull will record the acquisition cost of the land as


A) $86,000.
B) $87,690.
C) $89,610.
D) $89,370.

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