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Statement of Cashflows

This topic has 2 replies, 2 voices, and was last updated 9 years ago by zukiegeneral.

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October 4, 2015 at 3:59 pm #274928
Xairie
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1.1.2013-31.12.2013(Acc period)
2012 2013
7%debentures – 250,000
On 1 may 2013 a $250,000 7% Debenture was issued, with interest to be paid in two equal half-yearly payments..
Dear Sir, What interest Expense and Interest Paid figures shall i take.. To me it should b $11667, but in the answers it is $8750.. Can u please explain how??
October 4, 2015 at 4:00 pm #274930
Xairie
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No debentures balance was there in 2012
October 14, 2015 at 7:38 pm #276343
zukiegeneral
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Did the question asked for what was the interest to be paid for 1/2 the year ? Well that $8750 would have being for 6 mths. 7% of 250,000=17500 divide by 2=8750
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