Peyton sells an office building and the associated land on may 1 of the current year. under the terms of the sales contract, peyton is to receive $1,600,000 in cash. the purchaser is to assume peyton's mortgage of $950,000 on the property. to enable the purchaser to obtain adequate financing, peyton is to pay the $9,000 in points charged by the lender. the broker's commission on the sale is $75,000. what is peyton's amount realized? the amount realized by peyton is $

$2,466,000

Explanation:

Given that,

Cash Received = $1,600,000

Mortgage assume by purchaser = $950,000

Broker's commission = $75,000

points paid by seller = $9,000

Peyton's amount realized:

= Cash Received + Mortgage assume by purchaser - broker's commission - points paid by seller

= $1,600,000 + $950,000 - $75,000 - $9,000

= $2,466,000

Therefore, the amount realized by Peyton is $2,466,000.

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

what is the actual question i have no idea how to answer this w/o a question