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Mar 11 40 Most of the information regarding a company's long-term debt can be found: Select one a on the cash flow statement b. on

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Mar 11 40 Most of the information regarding a company's long-term debt can be found: Select one a on the cash flow statement b. on the statement of financial position c. in the notes to the financial statements d. In the statement of earnings Notes Unsure 12 of 40 On January 1, 20X6, Goldstein Company purchased a machine. The seller agreed that a total of $9,000 would be paid over a three-year period--$3,000 per year at the end of 20X6, 20x7 and 20x8. At the time the machine was purchased the market rate of interest was 10%. What amount should be debited to the asset account, Machinery, on the date of purchase (round to the nearest dollar)? Select one: O a $9,016 O b. $7.461 O c $9.948 O d. $9,000 Unsure

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