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Use the info. For Hanson Company from BE 10.2 and BE 10.3. Compute the avoidable interest for Hanson Company

Use the info. For Hanson Company from BE 10.2 and BE 10.3. Compute the avoidable interest for Hanson Company

FINANCIAL ACCOUNTING
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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BE 10.4 (LO2) Use the info. For Hanson Company from BE 10.2 and BE 10.3. Compute the avoidable interest for Hanson Company. Just need help on this question.
Jeffrey Wang 920R BE 10.2 (LO2 Hanson Company is constructing a build ing 7 Construction began on Feburary I and was completed On Dec. 37. Expenditures were $1Sogo00 on march I, $7,200,000 on June 1, and $300goo on December 31. Compute Hanson's weighted-average accumylated expenditures for interest capitalization PurPoses
Transcribed Image Text:Jeffrey Wang 920R BE 10.2 (LO2 Hanson Company is constructing a build ing 7 Construction began on Feburary I and was completed On Dec. 37. Expenditures were $1Sogo00 on march I, $7,200,000 on June 1, and $300goo on December 31. Compute Hanson's weighted-average accumylated expenditures for interest capitalization PurPoses
BEJ03 (LO2) Hanson Company (see BEJ02) borrowed $,00,000 On March I on a 5-Yearj 12% note to help finance Construction Of the building In additiong the Com Pany had Outstanding all Year a I0%, 5-Year, $3100g 000 note Payable and an 11%0, 4-Year, $3,50g000 note Partable. ComPute the weighted-qverage interest rate used for interest Capitalization furfoses.
Transcribed Image Text:BEJ03 (LO2) Hanson Company (see BEJ02) borrowed $,00,000 On March I on a 5-Yearj 12% note to help finance Construction Of the building In additiong the Com Pany had Outstanding all Year a I0%, 5-Year, $3100g 000 note Payable and an 11%0, 4-Year, $3,50g000 note Partable. ComPute the weighted-qverage interest rate used for interest Capitalization furfoses.
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