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Under the column cashflows from financing activities the solution has included issue of 8% loan notes for $7000 m but they have not included an issue of 5% loan notes with the amounts in both years being 2000.why is it so?
because the amount for 5% loan notes has been constant 2000 from last year to this year. which states no addition,On the other hand you can see 8% loan notes has increased in the year nill to 7000 will only add 7000 for the year.
Thank you Taha, and many congratulations on your appointment as an ACCA tutor – although I have to say, your promotion was missed by me.
I thought that I was the person that was supposed to answer questions on this page and that there is a special page for input from students called “F7 forum” as distinct from “F7 ask the tutor forum”
Good luck next week
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