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on 1 April 2008 candel issues 20 million 8% $1 preference shares at par. they are redeemable at a premium which gives them an effective rate of 12%. Interest is paid annually in arrears.
How would the redeemable shares recorded in SOFP at 31 September 2008?Qs. non current liability
Ans———-?according to me the non current liability is
20000+1200-800=20400
however the answer at the back is
20000+1200=21200why?
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