On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures
On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019.
Expenditures on the project were as follows: January 1, 2018 $ 316,000 September 1, 2018 $ 462,000 December 31, 2018 $ 462,000 March 31, 2019 $ 462,000 September 30, 2019 $ 316,000
Dreamworld had $5,400,000 in 14% bonds outstanding through both years. The average accumulated expenditures for 2019 by the end of the construction period was:
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Authors: Contemporary Accounting Issues
1st Edition
9780324107845
