Question: -12 E view Policies Current Attempt in Progress Flint Company is constructing a building. Construction began on February 1 and was completed on December 31.
-12 E view Policies Current Attempt in Progress Flint Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,080,000 on March 1.5720,000 on June 1, and $1,800,000 on December 31. Flint Company borrowed $600,000 on March 1 on a 5-year, 10% note to help finance construction of the building. In addition, the company had outstanding all year a 12%,5- year, $1,200,000 note payable and an 11%, 4-year. $2,100,000 note payable Compute avoidable interest for Flint Company. Use the weighted average interest rate for interest capitalization purposes. (Round percentages to 2 decimal places, e.g. 2.51% and final answer to O decimal places, e.g. 5,275.) $ Avoidable interest
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