Business, 25.07.2020 22:01 abrito1559

Abby sells real property for $300,000. The buyer pays $5,000 in property taxes that had accrued during the year while the property was still legally owned by Abby. In addition, Abby pays $15,000 in commissions and $3,000 in legal fees in connection with the sale. How much does Abby realize (the amount realized) from the sale of her property? a.$287,000 b.$300,000 c.$282,000 d.$277,000

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Abby sells real property for $300,000. The buyer pays $5,000 in property taxes that had accrued duri...