On January 2, 2017, Indian River Groves began construction of a new cilr ocessi 48. automated plant was finished and ready for use on September 30, 2018. Expenditures for the construction were as follows: January 2, 2017 September 1, 2017 |December 31, 2017 March 31, 2018 September 30, 2018 $ 600,000 1,800,000 1,800,000 1,800,000 1,200,000 Indian River Groves borrowed $3,300,000 on a construction loan at 12% interest on January 2, 2017. This loan was outstanding during the construction period. The company also had $12,000,000 in 9% bonds outstanding in 2017 and 2018.

On January 2, 2017, Indian River Groves began construction of a new cilr ocessi 48. automated plant was finished and ready for use on September 30, 2018. Expenditures for the construction were as follows: January 2, 2017 September 1, 2017 |December 31, 2017 March 31, 2018 September 30, 2018 $ 600,000 1,800,000 1,800,000 1,800,000 1,200,000 Indian River Groves borrowed $3,300,000 on a construction loan at 12% interest on January 2, 2017. This loan was outstanding during the construction period. The company also had $12,000,000 in 9% bonds outstanding in 2017 and 2018.

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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