Problemthe hassan corporation has an electric mixer, Ask an Expert

Accounting

Problem:

The Hassan Corporation has an electric mixer division and an electric lamp division. Of a $50,000,000 bond issuance, the electric mixer division used $24,000,000 and the electric lamp division used $26,000,000 for expansion. Interest costs on the bond totaled $1,500,000 for the year.

Required:

Question: What amount of interest costs should be allocated to the electric mixer division?

Note: Please show basic calculation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172370

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