A developer purchased a tract measuring 1,452 feet by 1,200 feet for $3,000 per acre The sale contract provided for the developer to pay the seller 29 of the purchase price in cash, the developer to assume a $50,000 existing first mortgage, and the seller to take out a new second mortgage for the ...

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A developer purchased a tract measuring 1,452 feet by 1,200 feet for $3,000 per acre. The...

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Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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A developer purchased a tract measuring 1,452 feet by 1,200 feet for $3,000 per acre. The...

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Advanced Accounting

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