On January 1, 2021, Laramie Inc. acquired land for $9.6 million. Laramie paid $2.9 in cash and signed a 6% note requiring the company to pay the remaining $6.7 million plus interest on December 31, 2022. An interest rate of 6% properly reflects the time value of money for this type of loan agreement. For what amount should Laramie record the purchase of land?
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Ответ:
I'm not sure how to help other than to tell you that you've got this! I am an AP and a dual-enrollment student, so I completely understand.