Question

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=10,835,000 This solution is from opentuition notes but the question isn't given in the notes