Oriole Company
Question Oriole Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6320000 on March 1, $5350000 on June 1, and $8450000 on December 31. Oriole Company borrowed $3240000 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, $6380000 note […]