Multiple Choice
A parcel of land is: offered for sale at $150,000,assessed for tax purposes at $95,000,recognized by its purchasers as being worth $140,000,and purchased for $137,000.The land should be recorded in the purchaser's books at:
A) $95,000
B) $137,000
C) $138,500
D) $140,000
E) $150,000
Correct Answer:
Verified
Correct Answer:
Verified
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