ifrs exercise

Project Description:

on 1 january 2004, m co issues a $100,000 5% debt instrument at par value of $100,000. the debt instrument is due to mature on 31 december 2008. the instrument will be redeemed at $130,525. the effective rate of interest is 10%.

how should m co account for the debt instrument over its five-year term?
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Price Type: Negotiable

Total Proposals: 2
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