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Arlington Company is constructing a building in 2015. Construction began on January 1 and was completed on December 31. Expenditures were $4,800,000 on March 1,
Arlington Company is constructing a building in 2015. Construction began on January 1 and was completed on December 31. Expenditures were $4,800,000 on March 1, $3,960,000 on June 1, and $6,000,000 on December 31. Arlington Company borrowed $2,400,000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $4,800,000 note payable and an 11%, 4-year, $9,000,000 note payable. What are the weighted-average accumulated expenditures in 2015? $6,310,000 $14,760,000 $7,380,000 $8,760,000 Arlington Company is constructing a building in 2015. Construction began on January 1 and was completed on December 31. Expenditures were $4,800,000 on March 1, $3,960,000 on June 1, and $6,000,000 on December 31. Arlington Company borrowed $2,400,000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, 84,800,000 note payable and an 11%, 4-year, $9,000,000 note payable. When calculating avoidable interests, which step below is included? none of the above compare actual interest with total materials purchased compare specific borrowing with weighted average accumulated expenditure compare actual interest with weighted average accumulated expenditure
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