Reference no: EM132170053
Question - On December 31, 2006, Alma-Ata Inc. borrowed $3,000,000 at 12% payable annually to finance the construction of a new building. In 2007, the company made the following expenditures related to this building: March 1, $360,000; June 1, $600,000; July 1, $1,500,000; December 1, $1,500,000. Additional information is provided as follows.
Other debt outstanding 10-year, 13% bond, December 31, 2000, interest payable annually $4,000,000
6-year, 10% note, dated December 31, 2004, interest payable annually $1,600,000 2.
March 1, 2007, expenditure included land costs of $150,000 3.
Interest revenue earned in 2007 $49,000
Instructions -
(a) Determine the amount of interest to be capitalized in 2007 in relation to the construction of the building.
(b) Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2007.
|
Effectiveness in improving employee task performance
: Critically evaluate the use of motivation theories within a contemporary business setting to determine their effectiveness in improving employee task.
|
|
Management in raising productivity
: How can the application of work study assist management in raising productivity?
|
|
Descriptions of three major companies
: This module opens with descriptions of three major companies, each with its own distinct organizational culture: IBM, Google, and Apple.
|
|
Translate the strategy and tactics into written form
: Using the first draft of your marketing plan submitted last week, continue authoring a plan suitable for the client.
|
|
Determine the amount of interest to be capitalized
: Interest revenue earned in 2007 $49,000. Determine the amount of interest to be capitalized in 2007 in relation to the construction of the building
|
|
Discuss which company you would choose to invest
: Finc 331: Provide a short background on each company, the industry and the market (growing, declining, etc?) in which they operate.
|
|
What do you suspect is the cause of the patient symptoms
: Esther Jackson is a 56-year-old black female who is 1-day post-op following a left radical mastectomy. During morning rounds, the off-going nurse shares.
|
|
Prepare the journal entry to record the impairment
: Prepare the journal entry to record the impairment of the asset at December 31, 201.7. The company does not use accumulated amortization accounts
|
|
List the elements of malpractice
: List the elements of malpractice and give example of each elements in professionalnursing practice , including ways to avoid or lessen the potential of future.
|