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harkovskaia [24]
3 years ago
11

Sheridan Company borrowed $3200000 on a construction loan at 12% interest on January 2, 2020. This loan was outstanding during t

he construction period. The company also had $13800000 in 9% bonds outstanding in 2020 and 2021. The interest capitalized for 2020 was:
Business
1 answer:
Lubov Fominskaja [6]3 years ago
6 0

Answer:

$1,594,000

Explanation:

Calculation to determine what The interest capitalized for 2020 was

2020 interest capitalized= $3,200,000* 12%*11/12 + $13,800,000 * 9%

2020 interest capitalized=$352,000+$1,242,000

2020 interest capitalized=$1,594,000

Therefore The interest capitalized for 2020 was $1,594,000

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Katen [24]

Answer: Option B

       

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almond37 [142]

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3 years ago
Which of the following is not a key component of the merger model we walked through in the course?
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