Abuilding with an appraisal value of $154,000 is made available at an offer price of $172,000. the purchaser acquires the property for $40,000 in cash, a 90-day note payable for $45,000, and a mortgage amounting to $75,000. the cost basis recorded in the buyer's accounting records to recognize this purchase is
a. 154,000
b. 172,000
c. 160,000
d. 120,000
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Abuilding with an appraisal value of $154,000 is made available at an offer price of $172,000. the p...
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