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answer full Question 19 2 pts (12 minutes) Kincaid Corporation is building a Building and has: Weighted Average Accumulated Expenditures equal to $200,000, Actual Expenditures
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Question 19 2 pts (12 minutes) Kincaid Corporation is building a Building and has: Weighted Average Accumulated Expenditures equal to $200,000, Actual Expenditures equal to $350,000, a 5%, $150,000 construction loan, and general debt with a weighted average interest rate equal to .0685. Actual interest is equal to $55,500. The accountant calculates the following amounts for the end of the year financial statements: O Interest Expense: $44,575: CIP/Building $360,925. O Interest Expense: $55,500: CIP/Building $350,000. O Interest Expense: $48.000: CIP/Building $207,500. O Interest Expense: $48,000: CIP/Building $210,925Step by Step Solution
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