1. Company A purchases building for $80,000 for cash 2. Company A sells building to Company...
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1. Company A purchases building for $80,000 for cash 2. Company A sells building to Company B for $110,000 on account Company A • Records purchase of building at original cost (exchange price) of $80,000 Records sale of building for $110,000, and profit or loss is recognized Company B Records purchase of building at cost (exchange price) of $110,000 Windows'u Etkinle Windows etinleştirme 1. Company A purchases building for $80,000 for cash 2. Company A sells building to Company B for $110,000 on account Company A • Records purchase of building at original cost (exchange price) of $80,000 Records sale of building for $110,000, and profit or loss is recognized Company B Records purchase of building at cost (exchange price) of $110,000 Windows'u Etkinle Windows etinleştirme
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