Liddy Corp. began constructing a new warehouse for its operations during the current year. In the year Liddy incurred interest of $10,000 on a working capital loan, and interest on a construction loan for the warehouse of $70,000. Interest computed on the average accumulated expenditures for the warehouse construction was $60,000. What amount of interest should Liddy expense for the year

$20,000

Explanation:

From the question, we are told that Liddy Corp. began constructing a new warehouse for its operations in the current year and that Liddy incurred interest of $10,000 on a working capital loan, and an interest on a construction loan for a warehouse of $70,000. The interest that was computed on the average accumulated expenditures for the warehouse construction was $60,000.

To calculate the amount of interest that Liddy should expense for the year, we add the $10,000 Liddy interest that Liddy incurred on a working capital loan plus the interest on the construction loan for the warehouse of $70,000. We then subtract the expenditure of $60,000 from the value gotten. This will be:

= $10,000 + $70,000 - $60,000

= $20,000

The amount of interest should Liddy expense for the year is $20,000.

"Initiation" is a short story written by author Sylvia Plath. it tells the story of a girl called Millicent who wants to be a part of a high school sorority. In order o be accepted as a member, Millicent has to complete certain activities. While she takes part of the initiation activities, she starts to question herself, and if she really does want to belong in that community.

Millicent realizes that she does not want to fit in like the rest of the girls at the sorority. The conflict leads Millicent to change, through the symbolism o the heather birds, she realizes that she rather be her unique self than a simple flock of birds. So she decides to revolt against the whole process of initiation and not be accepted into the sorority.