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Exam preparation solution – Financial asset Statement of financial position as at 31 December 20X8 $’000s………Non-current assets 5% redeemable bonds ……….(W) 10,835,000………Equity Retained earnings (b) Adjustments to retained earnings ….
Draft retained earnings 2,100,000…….Issue costs 500,000 ……..Cash received (5%) (400,000) …. …Interest (7%) 735,000… …..R.E…..2,935,000………Workings b/f Interest (@7%) +Coupon (@4%)- c/f 10,500,000(10000000+500000)+ 735,000 -400,000=10,835,000This solution is from opentuition notes but the question isn’t given in the notes
Hi,
What page is the solution given on, please? I can then go back and have a look.
Thanks
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Hi,
Solution is on page no.150.Thanks
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