Business, 12.02.2021 16:30 peanutpinkypiepdma46

In 2014, Parker Company purchased land for $115,000 at a time when the land was appraised at $120,000. In 2017, Parker Company had the land appraised, and its value was estimated to be $210.000. Also during 2017, another company offered Parker $175,000 for the parcel of land. When the balance sheet is prepared at the end of 2017, at what dollar amount should the land be reported? A. $115.000
B. $120,000
C. $175,000
D. $210,000

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In 2014, Parker Company purchased land for $115,000 at a time when the land was appraised at $120,00...

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