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Ex. 10-133—Capitalization of interest. On March 1, Mocl Co. began construction of a small building. The...
Please show work for this problem. 3. (7 points) On March 1, Mocl Co. began construction...
Please show work for this problem.
3. (7 points) On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 225,000 April 1 $ 222,000 May 1 540,000 June 1 810,000 July 1 300,000 The building was completed and occupied on July 1. To help pay for construction $150,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a...
On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred...
On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $226,560 Apri1 219,840 June1 803,880 July 1306,480 541,320 | The building was completed and occupied on July 1 . To help pay for construction $151,440 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. Calculate the weighted-average accumulated expenditures. (Do not...
On March 1, Nielson LLC. began construction of a small building. The following expenditures were incurred...
On March 1, Nielson LLC. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 225,000 April 1 540,000 May 1 300,000 June 1 $ 222,000 July 1 810,000 The building was completed and occupied on July 1. To help pay for construction $150,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $1,500,000, 10% note issued two years ago. Instructions (SHOW...
now all supporting computations. Points will be deduel Il you UU HUL JUTJU 1. On March 1, Morris Co. began constru...
now all supporting computations. Points will be deduel Il you UU HUL JUTJU 1. On March 1, Morris Co. began construction of a small building. The following expenditures were incurred for construction: March 1 S 150.000 April 1 S 148,000 May 1 360,000 June 1 540,000 July 1 200,000 The building was completed and occupied on July 1. To help pay for construction $100,000 was borrowed on March 1 on a 4%, three-year note payable. The only other debt outstanding...
Avoidable interest Pronghorn Company is constructing a building. Construction began on February 1 and was completed...
Avoidable interest
Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,880.000 on March 1 $1.920,000 on June 1, and $4,800,000 on December 31 Pronghorn Company borrowed $1,600,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 8%, 5-year, $3.200,000 note payable and an 11%, 4-year, 55,600,000 note payable Compute avoidable interest for Pronghorn Company....
Headland Company is constructing a building. Construction began on February 1 and was completed on December...
Headland Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $900,000 on March 1, $600,000 on June 1, and $1,500,000 on December 31. Headland Company borrowed $500,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $1,000,000 note payable and an 11%, 4-year, $1,750,000 note payable. Compute avoidable interest for Headland Company. Use the...
Sunland Company is constructing a building. Construction began on February 1 and was completed on December...
Sunland Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $900,000 on March 1, $600,000 on June 1, and $1,500,000 on December 31. Sunland Company borrowed $500,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $1,000,000 note payable and an 11%, 4-year, $1,750,000 note payable. Compute avoidable interest for Sunland Company. Use the...
Nash Company is constructing a building. Construction began on February 1 and was completed on December...
Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $3,240,000 on March 1, $2,160,000 on June 1, and $5,400,000 on December 31. Nash Company borrowed $1,800,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%, 5-year, $3,600,000 note payable and an 11%, 4-year, $6,300,000 note payable. Compute avoidable interest for Nash Company. Use the...
Stellar Company is constructing a building. Construction began on February 1 and was completed on December...
Stellar Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,260,000 on March 1, $840,000 on June 1, and $2,100,000 on December 31. Stellar Company borrowed $700,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 8%, 5-year, $1,400,000 note payable and an 11%, 4-year, $2,450,000 note payable. Compute avoidable interest for Stellar Company. Use the...
Teal Company is constructing a building. Construction began on February 1 and was completed on December...
Teal Company is constructing a building. Construction began on
February 1 and was completed on December 31. Expenditures were
$4,680,000 on March 1, $3,120,000 on June 1, and $7,800,000 on
December 31.
Teal Company borrowed $2,600,000 on March 1 on a 5-year, 12% note
to help finance construction of the building. In addition, the
company had outstanding all year a 12%, 5-year, $5,200,000 note
payable and an 11%, 4-year, $9,100,000 note payable. Compute
avoidable interest for Teal Company. Use the...
Please show work for this problem.
3. (7 points) On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 225,000 April 1 $ 222,000 May 1 540,000 June 1 810,000 July 1 300,000 The building was completed and occupied on July 1. To help pay for construction $150,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a...
On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $226,560 Apri1 219,840 June1 803,880 July 1306,480 541,320 | The building was completed and occupied on July 1 . To help pay for construction $151,440 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. Calculate the weighted-average accumulated expenditures. (Do not...
now all supporting computations. Points will be deduel Il you UU HUL JUTJU 1. On March 1, Morris Co. began construction of a small building. The following expenditures were incurred for construction: March 1 S 150.000 April 1 S 148,000 May 1 360,000 June 1 540,000 July 1 200,000 The building was completed and occupied on July 1. To help pay for construction $100,000 was borrowed on March 1 on a 4%, three-year note payable. The only other debt outstanding...
Avoidable interest
Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,880.000 on March 1 $1.920,000 on June 1, and $4,800,000 on December 31 Pronghorn Company borrowed $1,600,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 8%, 5-year, $3.200,000 note payable and an 11%, 4-year, 55,600,000 note payable Compute avoidable interest for Pronghorn Company....
Teal Company is constructing a building. Construction began on
February 1 and was completed on December 31. Expenditures were
$4,680,000 on March 1, $3,120,000 on June 1, and $7,800,000 on
December 31.
Teal Company borrowed $2,600,000 on March 1 on a 5-year, 12% note
to help finance construction of the building. In addition, the
company had outstanding all year a 12%, 5-year, $5,200,000 note
payable and an 11%, 4-year, $9,100,000 note payable. Compute
avoidable interest for Teal Company. Use the...
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