Question
F IS CONSTRUCTING AN APARTMENT COMPLEX. THE COMPLEX WILLHAVE A SWIMMING POOL THAT WILL NOT BE CONSTRUCTED UNTIL AFTER THE APARTMENTS HAVE BEEN RENTED. WHICH
F IS CONSTRUCTING AN APARTMENT COMPLEX. THE COMPLEX WILLHAVE A SWIMMING POOL THAT WILL NOT BE CONSTRUCTED UNTIL AFTER THE APARTMENTS HAVE BEEN RENTED. WHICH IS CORRECT
INTEREST ON THE COST OF THE APARTMENTS MUST BE CAPITALIZED UNTIL THE END OF THE QUARTER IN WHICH THE SWIMMING POOL IS COMPLETED
INTEREST ON THE COST OF THE APARTMENTS MUST BE CAPITALIZED UNTIL THE SWIMMING POOL IS COMPLETED
NO INTEREST WILL BE CAPITALIZED BECAUSE THE APARTMENTS WERE PRODUCING INCOME WHEN CONSTRUCTION OCCURED.
NO INTEREST BECAUSE THE SWIMMING POOL DOES NOT PRODUCE INCOME
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