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On January 1, 2013, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2014. Expenditures
| On January 1, 2013, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2014. Expenditures on the project were as follows: |
| January 1,2013 | $323,000 |
| September 1,2013 | $483,000 |
| December 31,2013 | $483,000 |
| March 31,2014 | $483,000 |
| September 30,2014 | $323,000 |
| Dreamworld had $6,100,000 in 15% bonds outstanding through both years. |
| Dreamworld's capitalized interest in 2013 was: |
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CISA Certified Information Systems Auditor Practice Exams
Authors: Peter H. Gregory
1st Edition
1260459845, 978-1260459845
