On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows: Dreamworld had $5,000,000 in 12% bonds outstanding through both years.
- The average accumulated expenditures for 2019 by the end of the construction period was:

Question

On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows:  Dreamworld had $5,000,000 in 12% bonds outstanding through both years.
- The average accumulated expenditures for 2019 by the end of the construction period was:

Quizplus · Accepted Answer

11ea937b_361d_9408_a419_0b8f493a8e8b_TB2599_00 $450,000 × 12% = $54,000 11ea937b_361d_9409_a419_49b1e1522d39_TB2599_00