Question: Question 10 (6 marks) Is there a consequence for reported profit or loss if a particular financial instrument, for example a preference share, is designated

 Question 10 (6 marks) Is there a consequence for reported profit

Question 10 (6 marks) Is there a consequence for reported profit or loss if a particular financial instrument, for example a preference share, is designated as debt rather than equity? Explain the consequences. Please write your answer in the grey text box provided below

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