On July 12, Reliable Repair Service extended an offer of $150,000 for land that had been priced
Question:
On July 12, Reliable Repair Service extended an offer of $150,000 for land that had been priced for sale at $185,000. On September 3, Reliable Repair Service accepted the seller’s counteroffer of $167,500. Describe how Reliable Repair Service should record the land.
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The land should be recorded at its cost of 167 500 to Reliable Repair Service This is consistent …View the full answer
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Aysha Ali
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