[mrasheedat]

i mean the current liability not the long term liability.Thanks for your assistance.

[mrasheedat]

the question was sent to me as well but here is the full question { The 2% Debenture was issued on 1 oct 2008 under term that provide for large premium upon redemption in 2011. The finance dapartment has calculated that the effective interest rate of this type of debt instrument is 6% per annum. Kasabian also paid in cash issue cost of $1.5 million; these have yet to be accounted for. Kasabian intend to hold these debentures to maturity. In Trial balance as at 31 March 2009… 2% Debenture 2011..$140,000, Debenture interest paid $1400}. thanks

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