On 1 April 2011, a company had in issue 300,000 6% Loan notes and redeemed a third
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On 1 April 2011, a company had in issue £300,000 6% Loan notes and redeemed a third of it on 30 June 2011 paying a premium of 10%. It pays interest on Loan notes half yearly in arrears on 30 June and 31 December. Identify the cash outflow in respect of interest during the year ended 31 March 2012.
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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