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Dozable Enterprises is currently constructing a new office facility. The beginning balance of CIP is $100,000. During the current year Dozable paid the contractor $600,000
Dozable Enterprises is currently constructing a new office facility. The beginning balance of CIP is $100,000. During the current year Dozable paid the contractor $600,000 on July 1st, $1,800,000 on September 1st and $2,400,000 on December 31 st. What is the average accumulated expenditure used to compute the amount of avoidable interest for the year? 
$1,000,000 $1,100,000 $2,400,000 $900,000
Dozable Enterprises is currently constructing a new office facility. The beginning balance of CIP is $100,000. During the current year Dozable paid the contractor
$600,000 on July 1st, $1,800,000 on September 1st and $2,400,000 on December 31 st. What is the average accumulated expenditure used to compute the amount of
avoidable interest for the year?
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
