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22. Company Z took out a construction-specific 10%, 4-year note of $400,000. They also had existing debt. The first is a 5%, 10-year bond of

22.

Company Z took out a construction-specific 10%, 4-year note of $400,000. They also had existing debt. The first is a 5%, 10-year bond of $1,000,000. The second is a 6%, 6-year note of $700,000. Compute the weighted-average interest rate the company needs to use in the computation of avoidable interest.

Group of answer choices

5.41%

5.5%

10%

6.33%

23.

Company X exchanged used equipment for a new one. The exchange has commercial substance. The used equipment had a carrying value of $15,000 and a fair value of $16,000. The new equipment has a listing price of $32,000. There was also a trade-in allowance of $5,000. At what cost will Company X record the new equipment at in their books?

Group of answer choices

$42,000

$17,000

$43,000

$32,000

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