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On January 2, 2020, Concord Corporation began construction of a new citrus processing plant. The automated plant was fin
Posted: Fri Jul 01, 2022 8:40 am
by answerhappygod
- On January 2 2020 Concord Corporation Began Construction Of A New Citrus Processing Plant The Automated Plant Was Fin 1 (252.2 KiB) Viewed 25 times
On January 2, 2020, Concord Corporation began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 September 1, 2020 December 31, 2020 March 31, 2021 September 30, 2021 $593000 O $1197400 O $1499600 O $1790400 O $3006200 1813200 1813200 1813200 1193000 Concord Corporation borrowed $3390000 on a construction loan at 11% interest on January 2, 2020. This loan was outstanding during the construction period. The
company also had $12000000 in 8% bonds outstanding in 2020 and 2021. What were the weighted-average accumulated expenditures for 2020?