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Shaffer Company Acquires Land for $62,000 Cash

Question 116

Multiple Choice

Shaffer Company acquires land for $62,000 cash. Additional costs are as follows. Shaffer Company acquires land for $62,000 cash. Additional costs are as follows. Shaffer will record the acquisition cost of the land as A) $62,000. B) $63,690. C) $65,610. D) $65,370. Shaffer will record the acquisition cost of the land as


A) $62,000.
B) $63,690.
C) $65,610.
D) $65,370.

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