On March 1, Kingbird Co. began construction of a small building. The following expenditures were incurred for construction March 1 April 1 May 1 June 1 July 1 $322,800 (a) 308,400 759,600 1,170,000 420.000 The building was completed and occupied on July 1. To help pay for construction $182.000 was borrowed on March 1 on a 12%, three year note payable. The only other debt outstanding during the year was a $1,937,000, 10% note issued two years ago Calculate the weighted average accumulated expenditures The weighted average accumulated expenditures 5 Attempts: 0 of 1 used Submit Answer

On March 1, Kingbird Co. began construction of a small building. The following expenditures were incurred for construction March 1 April 1 May 1 June 1 July 1 $322,800 (a) 308,400 759,600 1,170,000 420.000 The building was completed and occupied on July 1. To help pay for construction $182.000 was borrowed on March 1 on a 12%, three year note payable. The only other debt outstanding during the year was a $1,937,000, 10% note issued two years ago Calculate the weighted average accumulated expenditures The weighted average accumulated expenditures 5 Attempts: 0 of 1 used Submit Answer

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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