Overview Question 1 --/1 Question 2 --/1 Question 3 --/1 Question 4 --/1 Question 5 --/1 Question 6 --/1 Question 7 --/1 Question 8 --/1 Question 9 --/1 Prev Next Question 4 --/1 View Policies Current Attempt in Progress On July 31, 2020, Blossom Company engaged Minsk Tooling Company to construct a special-purpose piece of factory machinery. Construction begun immediately and was completed on November 1, 2020. To help finance construction, on July 31 Blossom issued a $298,800, 3-year, 12% note payable at Netherlands National Bank, on which interest is payable each July 31. $201,800 of the proceeds of the note was paid to Minsk on July 31. The remainder of the proceeds was temporarily invested in short-term marketable securities (trading securities) at 10% until November 1. On November 1, Blossom made a final $97,000 payment to Minsk. Other than the note to Netherlands, Blossoms only outstanding liability at December 31, 2020, is a $31,400, 8%, 6-year note payable, dated January 1, 2017, on which interest is payable each December 31. (a) Calculate the interest revenue, weighted-average accumulated expenditures, avoidable interest, and total interest cost to be capitalized during 2020. Interest revenue $ Weighted-average accumulated

expenditures $ Avoidable interest $ Interest capitalized $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Prev Next