On January 1, 2014, CS Bought a Machine on a $60,000

question 80

Multiple Choice

On January 1, 2014, CS bought a machine on a $60,000, 14 percent, 3-year note payable. The note will be paid in six equal semi-annual payments starting June 30, 2014. CS should record the cost of the machine as:

• A) $39,980.
• B) $40,498.
• C) $51,600.
• D) $60,000.

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Definitions:

Body Composition

The proportions of fat, bone, water, and muscle in the human body.

High-Density Lipoprotein

A type of cholesterol known as "good" cholesterol, which helps to remove other forms of cholesterol from the bloodstream, reducing the risk of heart disease.

Resistance Training

A form of exercise that improves strength and endurance by exercising muscles against a resistance, like weights.

Triglycerides

A type of fat (lipid) found in your blood that the body uses for energy, but high levels can increase the risk of heart disease.