Question: Saved Help Save & Exit Submit Liddy Corp. began constructing a new warehouse for its operations during the current year. In the year Liddy incurred

Saved Help Save & Exit Submit Liddy Corp. began constructing a new warehouse for its operations during the current year. In the year Liddy incurred interest of $20,000 on a working capital loan, and interest on a construction loan for the warehouse of $80,000. Interest computed on the average accumulated expenditures for the warehouse construction was $50,000. What amount of interest should Liddy expense for the year? Multiple Choice $150,000. $50,000 $100,000 $20,000

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