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Required information The following information applies to the questions displayed below.) On September 1, 2018, Able Company purchased a building from Regal Corporation by paying

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Required information The following information applies to the questions displayed below.) On September 1, 2018, Able Company purchased a building from Regal Corporation by paying $240,000 cash and issuing a one-year note payable for the balance of the purchase price. Interest on the note is stated at an annual rate of 6% and is paid at maturity. In its December 31, 2018, balance sheet, Able correctly presented the note and interest payable as follows: Interest payable Notes payable, 68, due September 1, 2019 $ 4,100 $205,000 What is the total cash (including interest) paid for the building purchased by Able? Multiple Choice O $445,000

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