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Acer Investments Plans to Develop a Shopping Center

Question 23

Multiple Choice

Acer Investments plans to develop a shopping center. In the first quarter, they spent the following amounts: Acer Investments plans to develop a shopping center. In the first quarter, they spent the following amounts: What amount should be recorded as the cost of land in the books of the company? A) $16,800 B) $15,800 C) $16,660 D) $16,200 What amount should be recorded as the cost of land in the books of the company?


A) $16,800
B) $15,800
C) $16,660
D) $16,200

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