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Business, 15.04.2020 04:02 jakebuttone

Blossom Company purchases land for $150000 cash. Blossom assumes $5200 in property taxes due on the land. The title and attorney fees totaled $2000. Blossom has the land graded for $3900. They paid $24000 for paving of a parking lot. What amount does Blossom record as the cost for the land?

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Blossom Company purchases land for $150000 cash. Blossom assumes $5200 in property taxes due on the...
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