Question: Help Save & Exit The company borrowed $ 7 7 0 , 0 0 0 on a construction loan at 1 0 % interest on

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The company borrowed $770,000 on a construction loan at 10% interest on January 1,2024. This loan was outstanding throughout the construction period. The company had $4,600,000 in 7% bonds payable outstanding in 2024 and 2025.
Average accumulated expenditures for 2024 was:
Help Save & Exit The company borrowed $770,000 on a construction

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