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inessss [21]
3 years ago
10

On January 2, 2020, Marigold Corp. began construction of a new citrus processing plant. The automated plant was finished and rea

dy for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 $ 606000 September 1, 2020 1802400 December 31, 2020 1802400 March 31, 2021 1802400 September 30, 2021 1215000 Marigold Corp. borrowed $3380000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $13080000 in 7% bonds outstanding in 2020 and 2021. The interest capitalized for 2020 was:
Business
1 answer:
MissTica3 years ago
6 0

Answer:

MARIGOLD CORP

INTEREST TO BE CAPITALIZED IN THE YEAR 2020

January 2,  2020      $606,000 *10%        =         $60,600

September 1, 2020   $1,802,400*10%* 4/12  =   <u> $60,080</u>

                                                                              <u> 120,680</u>

Explanation:

Interest to be capitalized for the year 2020 must be interest that is incurred on amount expended on the construction from amount specifically borrowed for the construction

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Answer:

A balance sheet for Weismuller publishing for December 31 2021 was prepared and recorded in the explanation section below

Explanation:

Solution

COMPANY: WEISMULLER PUBLISHING Balance Sheet At December 31 2021 Assets

Current assets:

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The total current assets                                                $813,000

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3 0
3 years ago
What can a person do to help increase their crUse only a small percentage of your credit limit.
makkiz [27]

Use only a small percentage of your credit limit.

Generally, using more than 30% of your available credit limit  can hurt your score, so only use a small percent in order to help increase it.

7 0
3 years ago
"Miller made a contract to sell his condominium to Jefferson for $80,000." Two days later Miller changed his mind after discover
vredina [299]

Answer:

Specific performance

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Specific performance is the contract in which the party performs for the specific purpose rather than the general purpose. In this contract, one party is refusing to perform the contract due to some better options or by any other reasons

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lina2011 [118]

<u>Ordering your latest credit report</u> is the action that appeared to be the least helpful if you’ve been the victim of identity theft. Therefore, <u>the correct answer is D. </u>

If anyone has been a victim of identity theft, then it is important for such a person to officially report or contact any of the credit reporting companies to place a fraud alert on their credit report.

<h2>Further Explanation</h2>

Identity theft is when someone intentionally steals your information and uses such information without taking your permission. In the US, identity theft has become a booming business for fraudsters

In the US, 15.4 million Americans were a victim of theft, also identity theft tops complain of the consumer to the Federal trade commission. Regardless of how careful you seem to be, you can still fall victim to identity theft.

If you are a victim of identity theft, there are things you do immediately.

Some of the steps you can take to prevent an identity thief to further commit fraud with your details include

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LEARN MORE:

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5 0
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Answer:

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