Explain acquisition of manufacturing equipment and machinery

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acquisition of property plan and equipment on account on december 15 the company incurred 20 million of capital expenditures related to the acquisition of manufacturing equipment and machinery. the terms of the invoice are 2%/15, net 30. the amounts were unpaid as of year end included in the accounts payable balance. the company intends to pay the invoice in early january, in accordance with the terms of the invoice.

Reference no: EM13217003

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