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Business, 24.04.2020 20:02 kalebstone8357

On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 75,000 April 1 $ 74,000 May 1 180,000 June 1 270,000 July 1 100,000The building was completed and occupied on July 1. To help pay for construction $50,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $500,000, 10% note issued two years ago. Instructions(a) Calculate the weighted-average accumulated expenditures.(b) Calculate avoidable interest.

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On March 1, Mocl Co. began construction of a small building. The following expenditures were incurre...

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