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sabonis consmetics co. purchased machinery on december 31,2011, paying $50,000 down and agreeing to pay the balance in four equal installments of $40,000 payable each dec 31. an assumed interest of 8% is implicit in the purchase price.A) dec 31,21011B)dec 31,2012c)dec 31,2013d)dec31,2014e)dec 31,2015
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