Question

the cash purchase price, closing costs, real estate brokers' commissions, and accrued property taxes and other liens assumed by the purchaser. All costs incurred in making land ready for its intended use increase the Land account: Clearing, draining, filling, grading, and razing old buildings are included.

Answer 1

The subject of this question is Business. It is about the costs associated with purchasing land and making it ready for its intended use.

Step-by-step explanation:

The subject of this question is Business. The question relates to the costs associated with purchasing land and making it ready for its intended use. This includes the cash purchase price, closing costs, real estate brokers' commissions, accrued property taxes, and other liens assumed by the purchaser. Additionally, any costs incurred for clearing, draining, filling, grading, and razing old buildings are included in the land account.