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  3. a. a vacant lot acquired for $320,500 is sold for

a. A vacant lot acquired for $320,500 is sold for $618,500 in cash. What...

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Accounting

a. A vacant lot acquired for $320,500 is sold for $618,500 in cash. What is the effect of the sale on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity? If there is no change, select 'No change' from the dropdown and then enter a "0" in the amount box.

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