On March 31, Clementine Repair Service extended an offer of $350,500 for land that had...
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On March 31, Clementine Repair Service extended an offer of $350,500 for land that had been priced for sale at $388,500. On April 15, Clementine Repair Service accepted the sellers counteroffer of $369,500. On September 9, the land was assessed at a value of $316,700 for property tax purposes. On December 8, Clementine Repair Service was offered $401,200 for the land by a national retail chain. At what value should the land be recorded in Clementine Repair Service's records
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