Answer the Following Questions Using the Information Below

question 104

Multiple Choice

Answer the following questions using the information below:
The Conity Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a $13,000,000 bond issuance, the Electric Mixer Division used $9,100,000 and the Electric Lamp Division used $3,900,000 for expansion. Interest costs on the bond totaled $975,000 for the year.
-What amount of interest costs should be allocated to the Electric Mixer Division?

• A) $292,500
• B) $682,500
• C) $9,100,000
• D) $2,730,000

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Definitions:

Economically Independent

Refers to the ability of an individual, organization, or nation to sustain themselves financially without external assistance.

James II

Brother to Charles II, he became the king of England, Scotland, and Ireland, remembered for his attempts to reinstate Catholicism and his subsequent ousting in the Glorious Revolution.

Governor Edmund Andros

A colonial administrator in North America, known for his unpopular governorship in the Dominion of New England, where his actions sparked resistance among the colonists.

Glorious Revolution

The overthrow of King James II of England in 1688 by a union of Parliamentarians and the Dutch stadtholder William III of Orange-Nassau, leading to a constitutional monarchy in England.