Benton Travel Agency purchased land for $90,000 cash on December 10, 2022. At December 31, 2022, the
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Benton Travel Agency purchased land for $90,000 cash on December 10, 2022. At December 31, 2022, the land's value has increased to $92,000. What amount should be reported for land on Benton's balance sheet at December 31, 2022? Explain.
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Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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