# Question 9 (1 point) On January 1, 2018, Dreamworld Co. began construction of a new warehouse....

###### Question:

Question 9 (1 point) On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows: January 1, 2018 $300,000 September 1, 2018$450,000 December 31, 2013 $450,000 March 31, 2019$450,000 September 30, 2019 $300,000 Dreamworld had$5,000,000 in 12% bonds outstanding through both years. The average accumulated expenditures for 2019 by the end of the construction period was: $1,950,000.$1,554,000. $1.254,000$975,000 Question 10 (1 point) On September 30, 2018. Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1.000.000 immediately and then another$1,000,000 on September 30, 2020. An interest rate of 8% reflects the time value of money for this type of loan agreement What amount of interest expense, if any, would Corso record on December 31. 2019, the company's fiscal year end? $68,687$60.000 $80.000$69,959. Question 11 (1 point) On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1.000.000 immediately and then another$1.000.000 on September 30, 2020. An interest rate of 8% reflects the time value of money for this type of loan agreement What amount of interest expense, if any, would Corso record on December 31. 2018, the company's fiscal year end? $17.147$20,000 $68,687$80,000

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