Question Content AreaAnya owns land with an adjusted basis of $305,000, subject to a mortgage...

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Accounting

Question Content AreaAnya owns land with an adjusted basis of $305,000, subject to a mortgage of $175,000. On April 1,2024, Anya sells her land subject to the mortgage for $325,000 in cash, a note for $300,000, and property with a fair market value of $60,000. What is Anya's amount realized on this sale?
a. $800,000.
b. $840,000.
c. $860,000.
d. $685,000.

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