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P2-D2.
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adarsh1997
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Hello.
Finance costs (60)
5% loan notes
20×1=$515
20×2=$500Lease liabilities
20×1=$300
20×2=$310$40,000 of the finance costs relate to the loan notes which are repayable at a premium, making the effective rate of interest 8%. The remaining interest relates to the lease liabilities.
What will be recorded in Depay’s statement of cash flows under interest paid?
-The answer is $45,000
-Kindly help on how to obtain the answer.Thanks.
P2-D2
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Hi,
I think instead of me going through the answer in its entirety, it will be better for your learning if you explain what it is about the answer that you have that you do not understand.
Once you’ve done that then I can answer your query.
Thanks
adarsh1997
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