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On 7/1/23, Red Corp. borrowed funds on a 9%, one-year note to finance the construction of a new building to be used for its own

On 7/1/23, Red Corp. borrowed funds on a 9%, one-year note to finance the construction of a new building to be used for its own purposes. Construction on the project began on 8/1/23 and was completed on 11/1/23.

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