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1 9 . We purchase a machine with a price of $ 4 0 0 , 0 0 0 . We pay 2 0 %

19. We purchase a machine with a price of $400,000. We pay 20% up front, and will finance the rest over a 2 year period. When the purchase occurs:
A. We will have a note payable of $320,000.
B. No, we will not have a note payable of $320,000.

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