Gutierrez Company is constructing a building. Construction began in 2012 and the building was completed...

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Accounting

Gutierrez Company is constructing a building. Construction began in 2012 and the building was completed 12/31/12. Gutierrez made payments to the construction company of $2,000,000 on 7/1, $4,400,000 on 9/1, and $4,000,000 on 12/31. Average accumulated expenditures were (Points : 2)

$2,100,000. $2,466,667. $6,400,000. $10,400,000.

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