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Test:CPA Financial Accounting and Reporting (FAR)
1. | 1年1月2日,公司借$ 1.2毫on on a note due in 10 years. Each year interest of 9% of the principal must be paid. Proceeds from the loan are used to finance the construction of a building. All proceeds are spent evenly throughout the year and the building is complete at the end of Year 1. At what amount is the building capitalized? |
$1,254,000
$1,200,000
$1,218,000
$1,308,000
Brianna
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Fairfield University, Bachelor of Science, Biology, General. National University of Ireland at Galway, Master of Science, Neu...
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