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question 115

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Use the following information to answer questions
Arlington Company is constructing a building.Construction began on January 1 and was completed on December 31.Expenditures were $2,400,000 on March 1, $1,980,000 on June 1, and $3,000,000 on December 31.Arlington Company borrowed $1,200,000 on January 1 on a 5-year, 12% note to help finance construction of the building.In addition, the company had outstanding all year a 10%, 3-year, $2,400,000 note payable and an 11%, 4-year, $4,500,000 note payable.
-On January 1, 2011, Le Pavillion Co began construction on assets which cost CHF2,900,000.The weighted-average accumulated expenditures on these assets during 2011 was CHF1,900,000.To help pay for construction, CHF1,500,000 was borrowed at 9.5% on January 1, 2011.Funds not needed for construction were temporarily invested in short-term securities, earning CHF79,000 in interest revenue during the year.Other than the construction loan, the only other debt outstanding during the year was a CHF2,750,000, 10-year, 12% note payable dated May 1, 2008.What is the amount of interest that should be capitalized by Le Pavillion during 2011?

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A global sector involving the exploration, extraction, refining, and selling of oil and petroleum products.

Socialize Employees

The process of helping new employees understand, adapt to, and integrate into the norms, values, and culture of their workplace.

Orientation Programs

Initiatives designed to introduce new members to an organization or project, typically involving a briefing on goals, policies, and roles.

Diversity Training

Educational sessions designed to increase awareness and skills in navigating and appreciating differences among people.