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Gains on an exchange of plant assets that has commercial substance are A. deducted from the cost of the new asset acquired B. deferred C. not possible D. recognized immediately
Weegy: D. recognized immediately User: The interest charged on a $200,000 note payable, at a rate of 6%, on a 2-month note would be A. $12,000 B. $6,000 C. $3,000 D. $2,000 Weegy: 200000 x .06 x 2/12 = 2000 D. $2,000 (More)
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