6
If a company is considering the purchase of a parcel of land that was originally acquired by the seller for
$104,000
, is currently offered for sale at
$188,000
, is considered by the purchaser as easily being worth
$178,000
, and is finally purchased for
$175,000
, the land should be recorded in the purchaser's books at:
0:41:42
Multiple Choice
$175,000.
$188,000.
$178,000.
$114,000.
$176,500.
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