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  • Purchase Price 3,200,000 Less: Accrued Interest - 75,000 (3,000,000 X 5% X 3/6) Add: Transaction Cost 50,000 Initial Payment 3,175,000

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    K Idols
    2 views1 page
    Intermediate accounting 3

    Original Title

    Prob 6 Amort

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    Intermediate accounting 3

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    2 views1 page

    Purchase Price 3,200,000 Less: Accrued Interest - 75,000 (3,000,000 X 5% X 3/6) Add: Transaction Cost 50,000 Initial Payment 3,175,000

    Uploaded by

    K Idols
    Intermediate accounting 3

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PROBLEM

    Purchase Price 3,200,000


    -
    Less: Accrued Interest 75,000 (3,000,000 x 5% x 3/6)

    Add: Transaction cost 50,000

    Initial Payment 3,175,000

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