Business, 31.12.2020 18:50 anjali1097
On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows:
January 1, 2018 $334,000
September 1, 2018 $498,000
December 31, 2018 $498,000
March 31, 2019 $498,000
September 30, 2019 $334,000
Dreamworld had $6,600,000 in 12% bonds outstanding through both years. Dreamworld's average accumulated expenditures for 2018 was:
a. 500,000
b. 668,000
c. 583,500
d. 334,000
Answers: 2
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On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished...
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