Marie Company had a 10% P3,000,000 specific construction loan and 12% P25,000,000 general loan outstanding during 2022 and 2023. The entity began the self-construction of a building on January 1, 2022 and was completed on December 31, 2023. The following expenditures were made during 2022 and 2023: January 1, 2022 April 1, 2022 4,000,000 5,000,000 December 1, 2022 3,000,000 March 1, 2023 6,000,000 5. What is the cost of the building, assuming the building was completed on June 30, 2023? А. 18,000,000 В. 19,884,000 C. 20,868,000 D. 19,377,000

Marie Company had a 10% P3,000,000 specific construction loan and 12% P25,000,000 general loan outstanding during 2022 and 2023. The entity began the self-construction of a building on January 1, 2022 and was completed on December 31, 2023. The following expenditures were made during 2022 and 2023: January 1, 2022 April 1, 2022 4,000,000 5,000,000 December 1, 2022 3,000,000 March 1, 2023 6,000,000 5. What is the cost of the building, assuming the building was completed on June 30, 2023? А. 18,000,000 В. 19,884,000 C. 20,868,000 D. 19,377,000

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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Subject: accounting
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