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QUESTION

12) Maplewood Properties bought three lots in a subdivision for alump-sum price. An independent appraiser valued the lots asfollows:

12)

Lot 2 $122,500

Lot 3 $73,500

$380,000

10) 4. South Shore Petroleum2017South Shore Petroleum$408,000,000240,000,000South Shore Petroleum30,000,00020182018

Q3) January$28,000$4,000December$11,000

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