Multiple Choice
Lionworks Corporation made a basket purchase of three items.Item X was appraised at $35,000;item Y was appraised at $55,000;and item Z was appraised at $60,000.The purchase price was $125,000.The amount at which item X should be recorded (rounded to the nearest dollar) is:
A) $42,000.
B) $29,167.
C) $41,667.
D) $38,043.
Correct Answer:
Verified
Correct Answer:
Verified
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