Share
Explore BrainMass

Cassandra sells property for a sales price of $150,000

Cassandra sells property for a sales price of $150,000. In addition, Lana, the buyer, pays $5,000 in property taxes that had accrued during the year while the property was still legally owned by Cassandra. Cassandra paid $9,000 in commissions and $1,500 in legal fees connected with the sale of her property. What is the amount realized by Cassandra from the sale of her property?

a. $155,000.
b. $150,000.
c. $141,000.
d. $144,500.
e. $139,500

Solution Summary

The solution provides detailed explanations and answer for the problem.

$2.19