Interest Payable on loan note Bpp Exam kit(Capital Structure and Finance Cost)

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February 7, 2017 at 9:15 pm #371534
Ruksana
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At 30 June 20×2 $1 8% loan notes in issue ,interest being paid half yearly on 30 June and 31st December.
On 30 Sep 20×2 the company redeemed $250,000 of these loan notes at par ,paying intrerest due to that date.
On 1st April 20×3 the company issued $500,000 7% loan notes ,interest payable half yearly on 31st March and 30 Sep.
What figure should appear in the company’s SOPL for interest payable in the year ended 30 June 20×3 ?
February 8, 2017 at 7:49 am #371556
John Moffat
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There is no point in simply setting me a question and expecting an answer!
You will obviously have an answer in your Revision Kit and so you should ask about whatever it is in the answer that you are not clear about.
Then I will try and help you.
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