Business, 26.06.2019 23:20, robertss403
Situation i on january 1, 2017, nash, inc. signed a fixed-price contract to have builder associates construct a major plant facility at a cost of $4,215,000. it was estimated that it would take 3 years to complete the project. also on january 1, 2017, to finance the construction cost, nash borrowed $4,215,000 payable in 10 annual installments of $421,500, plus interest at the rate of 10%. during 2017, nash made deposit and progress payments totaling $1,580,625 under the contract; the weighted-average amount of accumulated expenditures was $843,000 for the year. the excess borrowed funds were invested in short-term securities, from which nash realized investment income of $256,400. what amount should nash report as capitalized interest at december 31, 2017? capitalized interest $
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Situation i on january 1, 2017, nash, inc. signed a fixed-price contract to have builder associates...
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