Question: View Policies Current Attempt in Progress Pronghorn Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were
View Policies Current Attempt in Progress Pronghorn Company is constructing a building Construction began on February 1 and was completed on December 31. Expenditures were $1.824.000 on March 1, $1.224.000 on June 1, and $3.015.000 on December 31. Pronghorn Company borrowed $1,051,700 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2.132.100 note payable and an 11%, 4-year, $3.215,000 note payable Compute avoidable Interest for Pronghorn Company. Use the weighted average interest rate for interest capitalization purposes. (Round percentages to 2 decimal places, eg 2 51% and final answer to decimal places, s. 5,275) Avoidable interest $ Save for Later Attempts: 0 of 1 used Submit Answ Assignment sent to Gradebook. Your grade is being recorded Sat, Apr 18, 2020, 7:19:01 PM America/New York-04:00) Astolfo Hulk
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