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Pier2 Company purchased equipment with a useful life of 10 years for $43,200. Poer2 paid one-third down and signed a two year, interest-bearing note for

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Pier2 Company purchased equipment with a useful life of 10 years for $43,200. Poer2 paid one-third down and signed a two year, interest-bearing note for the balsnce. indicate how the transaction would be reported in the statement of cash flows andior any note disclosure. - Note: Do not use a negative sign with any of your answers

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