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Business, 11.02.2021 18:00 boweytom6217

A vacant lot acquired for $500,000, on which there is a balance owed of $300,000, is sold for $660,000 in cash. The seller pays the $300,000 owed. What is the effect of these transactions on the total amount of the seller's (1) assets, (2) liabilities, and (3) stockholders' equity

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A vacant lot acquired for $500,000, on which there is a balance owed of $300,000, is sold for $660,0...
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