Weighted Average Accumulated Expenditures for 2012 isCalculated as $100,000The firm has a specific Construction Loan of $300,000 at 5%interest per annum.The Avoidable Interest for the year is:Select one:O a. NilO b. 20,000O c. 5,000Od. None of the these answersO e. 1,000

Avoidable Interest: It is the amount of interest cost on loan during the period, which is…

Answered: lated as $100,000 m has a Specific…

Business

Accounting

lated as $100,000 m has a Specific Construction Loan of $300,000 at 5 st per annum. voidable Interest for the year is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Weighted Average Accumulated Expenditures for 2012 is
Calculated as $100,000
The firm has a specific Construction Loan of $300,000 at 5%
interest per annum.
The Avoidable Interest for the year is:
Select one:
O a. Nil
O b. 20,000
O c. 5,000
Od. None of the these answers
O e. 1,000

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