Question: butter co , issue 5 0 m 6 % preference share at par on 1 1 2 0 x 0 . the share

butter co, issue 50m 6% preference share at par on 1\1\20x0. the share carry a contractual obligation to be redeemed at a 10% premium in 5 years time . according to IFRS standard , how should be initially recognized in the financial statement on 1\1\20x0?

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