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If financial liability or financial asset arises in mid year, will the
1) intrst payable(finance cost)2)interst recivable(investment income)
and
3) annual payments be time apportioned?
Interest will certainly be time apportioned
Payments are payments.
When you buy fuel for your car, do you time apportion it? (Pay $5 now, $5 next week, $5 the week after …….)
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