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Question(s) / Instruction(s):

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. What amount of interest costs should be allocated to the Electric Lamp Division?

A.            $450,000

B.            $6,000,000

C.            $4,200,000

D.            $780,000

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