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thanks in advance On July 31, 2020, Windsor Company engaged Minsk Tooling Company to construct a special-purpose piece of factory machinery Construction begun immediately and
thanks in advance
On July 31, 2020, Windsor 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 constructions on July 31 Windsor issueda 5270,000, 3-year 12 note payable at Netherlands National Bank on which interest is payable each July 31 $175,000 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. Windsor made a final 595.000 payment to Minsk. Other than the note to Netherlands Windsor's only outstanding liability at December 31, 2020 a $31.000.0%. 6-vernote 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 5 Weighted average accumulated expenditures Avoidable interest Interest capitalized Step by Step Solution
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