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n$.$com$/$Student$/$PlayerTest$.$aspx?testld$=264196184$erwin$=$yes

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Victoria Fetter

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This test: $100$ point$($s$)$

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This question: $2$

point$($s$)$ possible

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Palmore Corporation has acquired a property that included both land and a building for $$900,000.$ The corporation paid cash. The corporation hired an appraiser who has determined that the fair value of the land is $$100,000,$ and the fair value of the building is $$850,000.$ What is the journal entry for the lump $-$ sum purchase? Round any intermediate calculations to two $(2)$ decimal places, and round the final answer to the nearest dollar

A$.$ Land

Building

Cash

Question $23$ of $60$

m $2$

$$

Question $23$ of $60$

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