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Liddy Corp. began constructing a new warehouse for its operations during the current year. In...

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Accounting

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Liddy Corp. began constructing a new warehouse for its operations during the current year. In the year Liddy incurred interest of $30,000 on a working capital loan, and interest on a construction loan for the warehouse of $80,0o0. Interest computed on the average accumulated expenditures for the warehouse construction was $60,000. What amount of interest should Liddy expense for the year? Multiple Choice $170,000. $50,000 $110,000 $30,000

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