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What is his amount realized

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Question - Harris sold a piece of investment real estate for $20,000 cash, a $10,000 face value corporate bond with the market value of 7000. And the buyers note in the amount of 15,000. The buyer also assumed the $80,000 mortgage on the property. What is his amount realized?

a. 45K

b. 107K

c. 122K

d. 125K

Reference no: EM132430326

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