Use the Following Information for Questions

question 12

Multiple Choice

Use the following information for questions.
On March 1, 2017, Mauritania Ltd.purchased land for $270,000 cash, which they intend to use for their new head office.Construction on the office building began on March 1.The following expenditures were incurred for construction: The office building was completed and ready for occupancy on July 1.To help pay for construction, Mauritania borrowed $360,000 on March 1, 2017 on a 9%, three-year note payable.Other than this note, the only other debt outstanding during 2017 was a $150,000, 10%, six-year note payable dated January 1, 2016.
-The weighted-average accumulated expenditures on the construction project during 2017 were

• A)$1,467,000.
• B)$348,000.
• C)$258,000.
• D)$156,000.

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Definitions:

Cones

Photoreceptor cells in the retina of the eye responsible for color vision and functioning best in relatively bright light.

Rods

Visual sensory receptors found at the back of the retina, responsible for noncolor sensitivity to low levels of light.

Fovea

A small depression in the retina of the eye where visual acuity is highest.

Pupil

The black circular opening in the center of the eye's iris that regulates the amount of light that enters.