Question
On January 1, 2013, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on
| On January 1, 2013, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2014. |
| Expenditures on the project were as follows: |
| January 1, 2013 | $ | 1,200,000 | |
| March 1, 2013 | 690,000 | ||
| June 30, 2013 | 450,000 | ||
| October 1, 2013 | 660,000 | ||
| January 31, 2014 | 945,000 | ||
| April 30, 2014 | 1,260,000 | ||
| August 31, 2014 | 2,250,000 | ||
| On January 1, 2013, the company obtained a $3 million construction loan with a 12% interest rate. The loan was outstanding all of 2013 and 2014. The company |
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No Nonsense Project Auditing A Practical Guide For The PMO
Authors: Lisa Nash
1st Edition
0993403522, 978-0993403521
