Question: ( amount realized ) Scrap - Happy ( SH ) , a sole proprietorship, owns a warehouse which is subject to a $ 4 5
amount realized ScrapHappy SH a sole proprietorship, owns a warehouse which is subject to a $ mortgage. A manufacturing company offers to purchase the warehouse for $ cash and a $ note receivable, and it agrees to assume the $ mortgage on the property. If accepts this offer, and pays $ in selling expenses, what is SHs amount realized?
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