Sir in this Qs it is mentioned that The bank overdraft will be converted into a 15-year loan on which Chrysos Co will pay a fixed annual interest of 4·50%. Sir while preparing extract of the financial position why examiner has not deducted interest expense from cash?
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J17 Q1
4y ago#1It is the SOFP immediately after the restructuring. The interest will not be paid until later.
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