Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 11.00

Houston Corporation

Early in 2014, Houston Corporation engaged Victoria, Inc to design and construct a complete modernization of Houston's manufacturing facility. Construction was begun on June 1, 2014 and was completed on December 31, 2014. Houston made the following payment to Victoria Inc during 2014:

 

 

 

Date

 

June 1 2014

 

$6,000,000

 

 

 

August 31, 2014

 

$9,000,000

 

 

 

December 31, 2104

 

$7,500,000

 

 

 

In order to help finance the construction, Houston issued the following during 2014:

 

 

 

1: $5,000,000 of 10 year, 9% bonds payable, issued at par on May 31, 2014, with interest payable annually on May 31.

 

 

 

2: 1,000,000 shares of no par common stock issued at $10 per share on October 1, 2014

 

 

 

in addition to the 9% bonds payable, the only debt outstanding during 2014 was $1,250,000, 12% note payable date January 1, 2010 and due January 1, 2020, with interest payable annually on January 1

 

 

 

Instructions

 

 

 

Compute the amounts of each of the following *MUST SHOW WORK*

 

 

 

1)

 

Weighted average accumulated expenditures qualifying for capitalization of interest cost

 

 

 

2)

 

Avoidbale interest incurred during 2014

 

 

 

3)

Total amount of interest cost to be capitalized during 2014

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 06:08 PM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)