Use the Following Information for Questions

question 49

Multiple Choice

Use the following information for questions.
On January 2, 2010, Indian River Groves began construction of a new citrus processing plant.The automated plant was finished and ready for use on September 30, 2011.Expenditures for the construction were as follows:
Indian River Groves borrowed $1,100,000 on a construction loan at 12% interest on January 2, 2010.This loan was outstanding during the construction period.The company also had $4,000,000 in 9% bonds outstanding in 2010 and 2011.
-The interest capitalized for 2011 was:

• A)$124,740
• B)$118,305
• C)$ 25,740
• D)$ 99,000

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Definitions:

Communal Orientation

A personality trait or orientation characterized by a focus on the community and others, emphasizing cooperation and sharing.

Narcissism

A personality trait characterized by an excessive focus on oneself, a need for admiration, and a lack of empathy for others.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, and providing comfort.

Divine

Pertaining to, of the nature of, or being a deity; often associated with qualities of perfection, omnipotence, and sacredness.