Claudia sells property for a sales price of 170000 in, Ask an Expert

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Claudia sells property for a sales price of $170,000. In addition, Karma, the buyer, pays $5,000 in property taxes that had accrued during the year while the property was still legally owned by Claudia. Claudia paid $9,000 in commissions and $1,500 in legal fees connected with the sale of her property. What is the amount realized by Claudia from the sale of her property?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9951329

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