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1#

学accounting的同学请教一个问题

On January 1, 2018, Mites, Inc., acquired land for $6.2 million. Mites paid $1.2 million in cash and signed a 6% note requiring the company to pay the remaining $5 million plus interest on December 31, 2019. An interest rate of 6% properly reflects the time value of money for this type of loan agreement. For what amount should Mites record the purchase of land?

       

    A. $6.8 million

     B. $6.2 million

     C. $5.6 million

     D. $5.0 million


Thanks!
最后编辑jasmine86 最后编辑于 2019-06-07 19:16:22
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回复 2楼karen29的帖子

Can you explain in detail? Thanks
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3#

正确答案是B,6.2 million
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