A Building with an Appraisal Value of $147,000 Is Made

question 108

Multiple Choice

A building with an appraisal value of $147,000 is made available at an offer price of $152,000. The purchaser acquires the property for $35,000 in cash, a 90-day note payable for $45,000, and a mortgage amounting to $65,000. The cost basis recorded in the buyer's accounting records to recognize this purchase is

• A) $147,000
• B) $152,000
• C) $145,000
• D) $110,000

---

Definitions:

Probiotics

Live microorganisms that, when consumed in adequate amounts, confer a health benefit on the host.

Clear Fluids

Liquids that are transparent and free of particulates, such as water, broth, and certain juices, often recommended in medical contexts for various health reasons.

Whole Grain Products

Foods made from the entire grain kernel, including the bran, germ, and endosperm, offering health benefits such as improved digestion and lowered risk of heart disease.

Diarrhea

A condition characterized by the frequent passage of loose or watery stools, often indicating gastrointestinal distress or infection.