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Q2 – Mar/Jun 2018 APV

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Q2 – Mar/Jun 2018 APV

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  • July 15, 2020 at 7:19 am #576844
    Tony
    Member
    • Topics: 2
    • Replies: 7
    • ☆

    Hi Opentuition,

    I am wondering why the tax shield on loan in the answer doesn’t include loan issue cost please?

    Tony

    July 15, 2020 at 7:28 am #576848
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54478
    • ☆☆☆☆☆

    It is because the question says that the issue costs are paid out of available cash reserves (and so not out of the finance raised).

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