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mini excercises loan interest

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › mini excercises loan interest

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • November 19, 2015 at 4:40 am #283813
    Miguel
    Member
    • Topics: 38
    • Replies: 30
    • ☆☆

    Good morning Mike,

    In the last mini exercise from loan interest / preference dividend the answer is 4m, but I would like to make myself sure this is the right figure as in the question is mentioned “what finance charge will appear in the statement of profit or loss for the year ended 31 March 2013” then shouldn’t be the answer 2m as it is just half year effectively passed? Thanks for the clarification.

    November 19, 2015 at 7:39 am #283845
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23335
    • ☆☆☆☆☆

    Well spotted Miguel – I’ll change it ready for the March 2016 notes

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