Business, 20.09.2020 14:01 tatiaa2155

On 3/15/20, Robertson Corp. bought land from Lear, Inc. for $248,000. Lear had carried the land on its books at $240,000. Robertson paid $50,000 in cash and signed a note payable for the balance. On 12/19/20, Davis Co. offered to buy the land from Robertson for $252,000. On its 12/31/20 balance sheet, Robertson should show the land account at:

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On 3/15/20, Robertson Corp. bought land from Lear, Inc. for $248,000. Lear had carried the land on i...