Assume that you have bought a house that you are going to make into a rental property.
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Question:
Assume that you have bought a house that you are going to make into a rental property. Some demolition is involved to remodel the kitchen. During the demo phase, the old cabinets are knocked out by the construction crew. A false wall is uncovered. Inside the hidden chamber a construction worker finds $20,000 in cash. The money is dated approximately 50 years ago. The house has sold seven times since the 1970's. To whom does the $20,000 belong?
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259103292
4th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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