Business, 03.03.2020 23:39 briannagiddens
On December 31, 2016, Marin Inc. borrowed $4,500,000 at 12% payable annually to finance the construction of a new building. In 2017, the company made the following expenditures related to this building: March 1, $540,000; June 1, $900,000; July 1, $2,250,000; December 1, $2,250,000. The building was completed in February 2018. Additional information is provided as follows.
1. Other debt outstanding
10-year, 13% bond, December 31, 2010, interest payable annually $6,000,000
6-year, 10% note, dated December 31, 2014, interest payable annually $2,400,000
2. March 1, 2017, expenditure included land costs of $225,000
3. Interest revenue earned in 2017
$73,500
Determine the amount of interest to be capitalized in 2017 in relation to the construction of the building.
The amount of interest
Answers: 1
Business, 21.06.2019 16:30
Which is the correct expansion of the term internet? a. internetwork b. institutional network c. instructional network d. international network
Answers: 2
Business, 22.06.2019 02:20
The following information is available for jase company: market price per share of common stock $25.00 earnings per share on common stock $1.25 which of the following statements is correct? a. the price-earnings ratio is 20 and a share of common stock was selling for 20 times the amount of earnings per share at the end of the year. b. the market price per share and the earnings per share are not statistically related to each other. c. the price-earnings ratio is 5% and a share of common stock was selling for 5% more than the amount of earnings per share at the end of the year. d. the price-earnings ratio is 10 and a share of common stock was selling for 125 times the amount of earnings per share at the end of the year.
Answers: 1
Business, 22.06.2019 10:30
What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.
Answers: 1
Business, 22.06.2019 15:00
Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.
Answers: 1
On December 31, 2016, Marin Inc. borrowed $4,500,000 at 12% payable annually to finance the construc...
English, 02.12.2020 19:20
Chemistry, 02.12.2020 19:20
Mathematics, 02.12.2020 19:20
Social Studies, 02.12.2020 19:20
Advanced Placement (AP), 02.12.2020 19:20
Mathematics, 02.12.2020 19:20
Chemistry, 02.12.2020 19:20
Mathematics, 02.12.2020 19:20
English, 02.12.2020 19:20
Spanish, 02.12.2020 19:20