ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 119

b. 8/12.

c. 9/12.

d. 11/12.

39. When funds are borrowed to pay for construction of
assets that qualify for capitalization of interest, the excess
funds not needed to pay for construction may be temporarily
invested in interest-bearing securities. Interest earned on these
temporary investments should be