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