Question: Weighted average accumulated expenditures are $ 4 8 0 , 0 0 0 on a project for which work steadily progressed during the current year.

Weighted average accumulated expenditures are $480,000 on a project for which work steadily progressed during the current year. The following debt was outstanding during the current year.
Construction loan$120,000at10%Note payable$600,000at8%Mortgage payable$180,000at12%

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