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A company has the following assets: Buildings and Equipment, less accumulated depreciation of $6000000 $24700000 Copyrights 2350000 Patents 11000000 Land 13000000 The total amount reported
A company has the following assets: Buildings and Equipment, less accumulated depreciation of $6000000 $24700000 Copyrights 2350000 Patents 11000000 Land 13000000 The total amount reported under Property, Plant, and Equipment would be O $51050000. $48700000. $40050000. O $37700000. West County Bank agrees to lend Oriole Company $448000 on January 1. Oriole Company signs a $448000, 6%, 6-month note. What is the adjusting entry required if Oriole Company prepares financial statements on March 30? Interest Expense 6720 Interest Payable 6720 Interest Payable 6720 Interest Expense 6720 13440 Interest Expense Interest Payable 13440 Interest Expense 13440 Cash 13440
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