On December 31, 2019, Larkspur Inc. borrowed $3,420,000 at 12% payable annually to finance the construction of a new building. In 2020, the company made the following expenditures related to this building: March 1, $410,400; June 1, $684,000; July 1, $1,710,000; December 1, $1,710,000. The building was completed in February 2021. Additional information is provided as follows. 1. Other debt outstanding
10-year, 13% bond, December 31, 2013, interest
payable annually $4,560,000
6-year, 10% note, dated December 31, 2017, interest
payable annually $1,824,000
2. March 1, 2020, expenditure included land costs of $171,000
3. Interest revenue earned in 2020 $55,860
1. Determine the amount of interest to be capitalized in 2020 in relation to the construction of the building.
2. Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2020.

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

i know right it’s not fair some people are just so rude unlike you your actually trying to get to know people and i think that is very kind

answer; ///deficit;