User Account

All Pages

How much is the cost of constructed building for liam

Assignment Help Financial Accounting
Reference no: EM132867131

Question 1: Liam had these loans outstanding for the year 2020: Specific Loan: $1,000,000 at 10% General Loan $20,000,000 at 12%. The company began a self-construction of a building on January 1, 2020 and was completed on December 31, 2020. The following expenditures were made during 2020: January 1: $1,000,000 July 1: $2,000,000 November 1: $3,000,000 Total: $6,000,000. How much is the cost of constructed building on December 31, 2020?

Option 1: $6,000,000

Option 2: $6,250,000

Option 3: $6,280,000

Option 4: $6,300,000

Reference no: EM132867131

Questions Cloud

Communication in group differs from individual communication : Analyze how communication in groups differs from individual communication.
What amount of the expenses should be capitalized : Major improvements to the electrical wiring system: $128,000 Partial replacement of roof tiles: $56,000. At what amount of the expenses should be capitalized?
What were some costs of entering a globalized market : Pick any organization you are familiar with and analyze ways they have successfully used globalization to expand markets and profitability.
Compare listing requirements of nyse and nasdaq : Compare the listing requirements of the NYSE and NASDAQ, using the information at their websites
How much is the cost of constructed building for liam : $1,000,000 July 1: $2,000,000 November 1: $3,000,000 Total: $6,000,000. How much is the cost of constructed building on December 31, 2020?
How do these loyalty cards create value for the organization : How do these loyalty cards create value for the organization? Please provide at two specific examples.
What the cost of purchasing the older home should be : An older home on the building lot was razed immediately so that the office building could be constructed. The cost of purchasing the older home should be
Organizations do to improve listening skills of employees : Do you believe most people are poor listeners or good listeners? What can organizations do to improve listening skills of employees?
How much of the costs should be capitalized : On September 7, 2020, However, the renovation resulted in significantly increased productivity. How much of the costs should be capitalized?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd