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Ashley Sells Real Property for $280,000

Question 52

Multiple Choice

Ashley sells real property for $280,000.The buyer pays $4,000 in property taxes that had accrued during the year while the property was still legally owned by Ashley.In addition, Ashley pays $14,000 in commissions and $3,000 in legal fees in connection with the sale.How much does Ashley realize (the amount realized) from the sale of her property?


A) $259,000.
B) $263,000.
C) $267,000.
D) $280,000.
E) None of the above.

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