Business, 19.07.2019 11:30 DoyleAK108

On june 25, ritts roofing extended an offer of $250,000 for land that had been priced for sale at $300,000. on july 9, ritts accepted the seller's counteroffer of $275,000. on october 1, the land was assessed at a value of $280,000 for property tax purposes. on december 22, ritts was offered $305,000 for the land by a national retail chain. at what value should the land be recorded in ritts roofing's records?

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On june 25, ritts roofing extended an offer of $250,000 for land that had been priced for sale at $3...