These expenditures were incurred by patnode company in


These expenditures were incurred by Patnode Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorney"s fees $2,100; real estate broker"s commission $3,300; and clearing and grading $3,500. What is the cost of the land?

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Accounting Basics: These expenditures were incurred by patnode company in
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