Question: Current Attempt in Progress Bramble Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6480000 on
Current Attempt in Progress Bramble Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6480000 on March 1, $5310000 on June 1, and $8250000 on December 31. Bramble Corp. borrowed $3250000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $6430000 note payable and an 11%, 4-year $12250000 note payable. What is the avoidable interest for Bramble Corp.? $390000 $448846 O $1252284 O $949384
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