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Please answer all questions! On July 31,2025, Bive Company eneaged Mimk Tooling Compsny fo contruct a special-purpose giece of factory nachinery Construction began immediately and
Please answer all questions!
On July 31,2025, Bive Company eneaged Mimk Tooling Compsny fo contruct a special-purpose giece of factory nachinery Construction began immediately and was completed on November 1. 2025. To helo trunce construction on July 31 Blue lsued a 5278,400,3-year, 12% note payable at Netherlands Nationsi Bank, on which interest is parable each luly 31.518 t.400 of the proceeds of the note was pald to Mimk on kuly 31. The renainder of the proceeds was tempararily livested in short-term marketable tecurities (trading securitles) at 10ss until November 1. On Nowember 1. Asve made a final 590000 poyment to Minsic Other than the 2022, on which interest is payable each December 31 . Calculafe weiphed-average accuenulated espenditures moldolie intertht, and total interest cont to be capitalled during 2025. cTextbook and Medla List of Accounts Step by Step Solution
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