Multiple Choice
Durango,Inc.purchased a parcel of land for $450,000.It paid attorney fees of $3,000 to verify title to the land.In addition,it paid a broker's fee of $7,500 to help find a suitable parcel of land.This parcel of land should be recorded in the accounting records for:
A) $450,000.
B) $453,000.
C) $457,500.
D) $460,500.
Correct Answer:
Verified
Correct Answer:
Verified
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