What is the amount realized by cassandra


Problem: Cassandra sells property for a sales price of $150,000. In addition, Lana, the buyer, pays $5,000 in property taxes that had accrued during the year while the property was still legally owned by Cassandra. Cassandra paid $9,000 in commissions and $1,500 in legal fees connected with the sale of her property. What is the amount realized by Cassandra from the sale of her property?

a. $155,000.

b. $150,000.

c. $141,000.

d. $144,500.

e. $139,500.

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