An investment company purchased land June 1, 2019 for $100,000. At the end 2020, the...
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An investment company purchased land June 1, 2019 for $100,000. At the end 2020, the land is sold for $220,000. It incurred operating expenses of $80,000. What is the net income recorded for the year ended December 31, 2020? O $220,000 O $100,000 O $120,000 O $40,000 
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An investment company purchased land June 1, 2019 for $100,000. At the end 2020, the land is sold for $220,000. It incurred operating expenses of $80,000. What is the net income recorded for the year ended December 31, 2020? O $220,000 O $100,000 O $120,000 O $40,000
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