A comparable property sold 6 months ago for $150,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -5 percent Market conditions: +8 percent Physical characteristics: +$12,500 Financing terms: -$2,600 Conditions of sale: None Property rights conveyed: None Use: None Nonrealty items: -$3,000 Making the adjustments in the order suggested in Exhibit 7-5, what the comparable property's final adjusted sale price? Multiple Choice $160,732 $164,400 $169,600 $162,500 $163,232

A comparable property sold 6 months ago for $150,000. The adjustments for the various elements of comparison have been calculated as follows: Location: -5 percent Market conditions: +8 percent Physical characteristics: +$12,500 Financing terms: -$2,600 Conditions of sale: None Property rights conveyed: None Use: None Nonrealty items: -$3,000 Making the adjustments in the order suggested in Exhibit 7-5, what the comparable property's final adjusted sale price? Multiple Choice $160,732 $164,400 $169,600 $162,500 $163,232

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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