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The Conity Corporation has an Electric Mixer Division and an Electrie Lamp Division. Of a $13,000,000 bond issuance, the lI L.amp Divsion used $3,900,000 for
The Conity Corporation has an Electric Mixer Division and an Electrie Lamp Division. Of a $13,000,000 bond issuance, the lI L.amp Divsion used $3,900,000 for expansion. Interest costs on the bond totaled $975,000 lectrie Mixer Division used $9,100,000 and the Electric for the year. 1). What amount of interest costs should be allocated to the Electric Mixer Division? A) S292,500 B) S682,500 C) S9,100,000 D) $2,730,000
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