Karen sommers travel agency purchased land for 90000 cash, Ask an Expert

Accounting

Karen Sommers' Travel Agency purchased land for $90,000 cash on December 10, 2010. At December 31, 2010, the land's value has increased to $93,000. What amount should be reported for land on Karen Sommers's balance sheet at December 31, 2010? describe.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M956059

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