Solved: The following expenditures were incurred by mccoy company, Accounting Basics

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The following expenditures were incurred by mccoy company

Question - The following expenditures were incurred by McCoy Company in purchasing land: cash price $80,000, accrued taxes $3,000, attorneys' fees $4,200, real estate broker's commission $2,100, and clearing and grading $3,200. What is the cost of the land?

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Accounting Basics: The following expenditures were incurred by mccoy company

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