A 5 loan note was issued on 1 April 20X0 at its face value of $20 million Direct costs of the issue were $500,000 The loan note will be redeemed on 31 March 20X3 at a substantial premium The effective interest rate applicable is 10 per annum At what amount will the loan note appear in the statemen...

The loan note appear in the statement of fin ...

A 5% loan note was issued on 1 April 20X0 at its face value of $20...

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Financial Accounting

ISBN: 978-0470507018

7th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Aug 30, 2020 11:15 PM

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A 5% loan note was issued on 1 April 20X0 at its face value of $20...

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