The Third Year of a Construction Project Began with a $30,000

question 7

Multiple Choice

The third year of a construction project began with a $30,000 balance in Construction in Progress.Included in that figure is $6,000 of interest capitalized in the first two years.Construction expenditures during the third year were $80,000 which were incurred evenly throughout the entire year.The company has had over $300,000 in interest-bearing debt outstanding the third year,at a weighted average rate of 9 percent.How much interest for the third year is capitalized?

• A) $3,600
• B) $6,300
• C) $9,360
• D) $9,900

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Definitions:

Empathy

The capacity to grasp and empathize with someone else's emotions by viewing things from their point of view.

Stress Tolerance

The ability of an individual to endure and manage high levels of stress effectively.

Assertiveness

A communication style in which individuals express their feelings and needs directly and honestly without violating the rights of others.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.