Wesley sold a piece of property for 30000 cash paying a, Ask an Expert

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Wesley sold a piece of property for $30,000 cash paying a $3,000 sales commission. The buyer assumed Wesley's $13,000 mortgage on the property. Wesley had purchased the property for $15,000 and had invested an additional $6,000 in it. What is Wesley's realized gain on the sale?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M945543

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