Land should be recorded in the purchaser books


A parcel of land is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as being worth $140,000, and is purchased for $137,000. The land should be recorded in the purchaser's books at:

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Accounting Basics: Land should be recorded in the purchaser books
Reference No:- TGS065407

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