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Accounting

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Remaining Time: 58 minutes, 37 seconds Question Completion Status: Moving to another question will save this response. Question 19 Question 1 1 points Manama Co. and Muharraq Co. have an exchange with no commercial substance. The asset given up by Manama has a book value of $120,000 and a fair value of $135,000. The asset given up by Muharraghas a book value of $220,000 and a fair value of $200,000. Cash of $65.000 is received by Muharra What amount should Manama record for the asset received? A $185,000 OB $135,000 O $195,000 OD. $200,000 Question Moving to another question will save the response 00 ENG GEAM 10/24/2021 84F Clear A

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