Business, 08.11.2019 04:31 sparky1234

On january 1, 2020, wells tech signed a $950,000 two-year construction contract. wells secured $950,000 financing at 7%. in 2020, wells paid out $650,000; average accumulated expenditures were $375,000. excess borrowed funds were invested, yielding $120,000 income. what should wells report as capitalized interest at december 31, 2020?

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On january 1, 2020, wells tech signed a $950,000 two-year construction contract. wells secured $950,...

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