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Joe owned a building that was worth $100,000. In exchange for the building, he received...

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Accounting

Joe owned a building that was worth $100,000. In exchange for the building, he received a Corvette that was worth $30,000, ownership in a business worth $50,000, and cash in the amount of $30,000. What is the amount he received in this transaction?

Select one:

a. $100,000

b. $110,000

c. $30,000

d. $10,000

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