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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
Lionworks Corporation made a basket purchase of three items. Item X was appraised at $35,000; item Y was appraised at $55,000; and item Z was appraised at $60,000. The purchase price was $125,000. The amount at which item X should be recorded (rounded to the nearest dollar) is:
A) $42,000.
B) $29,167.
C) $41,667.
D) $38,043.
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Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
I appreciate it once again, answered correctly
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