Reference no: EM132011067
Question - On December 31, 2013, Main Inc. borrowed $7,380,000 at 13% payable annually to finance the construction of a new building.
In 2014, the company made the following expenditures related to this building: March 1, $885,600; June 1, $1,476,000; July 1, $3,690,000; December 1, $3,690,000. The building was completed in February 2015. Additional information is provided as follows.
1. Other debt outstanding 10-year, 12% bond, December 31, 2007, interest payable annually $9,840,000 6-year, 11% note, dated December 31, 2011, interest payable annually $3,936,000
2. March 1, 2014, expenditure included land costs of $369,000
3. Interest revenue earned in 2014 $120,540
Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2014.
|
Why is it necessary to wait 10 minutes before adding iki
: Why is it necessary to wait 10 minutes before adding IKI solution to the test tubes?
|
|
Why is aguinaldo making this comparison
: When Aguinaldo states, "government by consent in America, government by force in the Philippine Islands..." what is he basing this comparison upon?
|
|
What is the value of the investment after five years
: An investor deposits R3 000 into an account that yields 7.75% per annum compounded monthly. What is the value of the investment after five years?
|
|
What type of movement occurs at each upper extremity joint
: What muscles are activated at each joint and what type of contraction? Identify the type of axis of rotation, plane of motion, joint action, and type of joint
|
|
Prepare the journal entry to record the capitalization
: Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2014
|
|
Construct the dupont identity for smolira golf
: Some recent financial statements for Smolira Golf, Inc., follow. Construct the DuPont identity for Smolira Golf.
|
|
What keeps species separate from one another over time
: What keeps species separate from one another over time? Include at least two mechanisms that can occur pre-mating and two that can occur post-mating.
|
|
Complete description of the butterflies niche
: Is the information above a complete description of the butterflies' niche? (choose one)
|
|
What is the market-to-book ratio at the end of year
: What is the price–earnings ratio? What is the market-to-book ratio at the end of 2016? What are the dividends per share?
|