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Could you explain the Interest accrual and Interest payable part. It is out of context but it is interesting to me how we will treat them in a T-account and find the charge for the SPl.
My other question is that – Interest= Interest paid – Interest Received.
What does Interest stand for here. Is it Interest expense in the SPL.. I have seen this in the study book, so it is really interesting to me. If we calculate according to the study book Interest= Interest paid-Interest received=20000-13000=7000. But if we make a T-account from the given question to you we find that SPL will show us 16300. Can you explain this question please?
Good morning,sir. Why did you substract 90 from goodwill?IS there any reason to do that? Should we always divide impairment for PPE on a pro-rata basis?
