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Use the following information to answer the next two questions (Question 16 and 17). Arlington Company is constructing a building Construction began on January 1
Use the following information to answer the next two questions (Question 16 and 17). Arlington Company is constructing a building Construction began on January 1 and was completed on December 31. Expenditures were $2,400,000 on March 1, $1,980,000 on June 1, and $3,000,000 on December 31. Arlington Company borrowed $1.200.000 on January 1 on a 5-year, 12% note to specifically help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $2,400,000 note payable and an 11%, 4-year, $4,500,000 note payable. Question 16 4 pts What are the weighted average accumulated expenditures? $ 3.155.000 53.690.000 57380.000 54.380,000 D Question 17 4 pts How much interest should Arlington Company capitalize to the building
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