Multiple Choice
Answer the following questions using the information below:
The Conity Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a $13,000,000 bond issuance, the Electric Mixer Division used $9,100,000 and the Electric Lamp Division used $3,900,000 for expansion. Interest costs on the bond totaled $975,000 for the year.
-What amount of interest costs should be allocated to the Electric Lamp Division?
A) $292,500
B) $682,500
C) $2,730,000
D) $3,900,000
Correct Answer:
Verified
Correct Answer:
Verified
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