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Cox Company recently purchased a machine by issuing 1,010 shares of stock selling for $10 per share. In addition to the purchase price, Cox incurred

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Cox Company recently purchased a machine by issuing 1,010 shares of stock selling for $10 per share. In addition to the purchase price, Cox incurred the following costs related to the machine: freight charges, $800; special foundation for machine, $400; and installation costs, $1,100. Required: Determine the cost of the machine

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