During 2021, Colorado Company constructed a 3-storey building. The weighted average expenditures for capitalization of interest during 2021 amounted to P 23,600,000. The existin debt of Colorado are the following: • From Union Bank (specific borrowing), P 3,600,000, 10% • From Land Bank (general borrowing), P 6,000,000, 20% • From Security Bank (general borrowing), P 10,000,000, 18% QUESTION 1: What is the capitalized borrowing costs for the year ended December 31, 2021? [ Select ] ( Select ] P3,750,000 P3,788,000 P3,360,000 QUESTION 2:

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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During 2021, Colorado Company constructed a 3-storey building. The weighted average expenditures for capitalization of interest during 2021 amounted to P 23,600,000. The existing
debt of Colorado are the following:
• From Union Bank (specific borrowing), P 3,600,000, 10%
• From Land Bank (general borrowing), P 6,000,000, 20%
• From Security Bank (general borrowing), P 10,000,000, 18%
QUESTION 1:
What is the capitalized borrowing costs for the year ended December 31, 2021? [ Select ]
QUESTION 2:
What is the interest expense for the year ended December 31, 2021? [ Select ]
[ Select]
P 390,000
P 750,000
P 322,000
Zero
Next
Transcribed Image Text:During 2021, Colorado Company constructed a 3-storey building. The weighted average expenditures for capitalization of interest during 2021 amounted to P 23,600,000. The existing debt of Colorado are the following: • From Union Bank (specific borrowing), P 3,600,000, 10% • From Land Bank (general borrowing), P 6,000,000, 20% • From Security Bank (general borrowing), P 10,000,000, 18% QUESTION 1: What is the capitalized borrowing costs for the year ended December 31, 2021? [ Select ] QUESTION 2: What is the interest expense for the year ended December 31, 2021? [ Select ] [ Select] P 390,000 P 750,000 P 322,000 Zero Next
During 2021, Colorado Company constructed a 3-storey building. The weighted average expenditures for capitalization of interest during 2021 amounted to P 23,600,000. The existin
debt of Colorado are the following:
• From Union Bank (specific borrowing), P 3,600,000, 10%
• From Land Bank (general borrowing), P 6,000,000, 20%
• From Security Bank (general borrowing), P 10,000,000, 18%
QUESTION 1:
What is the capitalized borrowing costs for the year ended December 31, 2021? [Select ]
| Select]
P3,750,000
P 3,788,000
P 3,360,000
P 4,110,000
QUESTION 2:
What is the interest expense for the year ended December 31 , 2021? [ Select ]
Transcribed Image Text:During 2021, Colorado Company constructed a 3-storey building. The weighted average expenditures for capitalization of interest during 2021 amounted to P 23,600,000. The existin debt of Colorado are the following: • From Union Bank (specific borrowing), P 3,600,000, 10% • From Land Bank (general borrowing), P 6,000,000, 20% • From Security Bank (general borrowing), P 10,000,000, 18% QUESTION 1: What is the capitalized borrowing costs for the year ended December 31, 2021? [Select ] | Select] P3,750,000 P 3,788,000 P 3,360,000 P 4,110,000 QUESTION 2: What is the interest expense for the year ended December 31 , 2021? [ Select ]
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