sandra sold some equipment for 10,000 in cash, 1000 of office products, the buyer assumption of...
Homework Answers
Ans:A.12,000 is Correct Answer
Explanation:
Amount Realized in the transaction =Amount received on Sale of
Equipment + Market Value of Office Product +Buyers Assumptions
Liabilities-Selling Costs
=$10,000+$1,000+$1,500-$500
=$12,000
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