At 30 June 2002 a company had Klm 8% loan notes in issue, interest being paid half- yearly on 30 June and 31 December. On 30 September 2002 the company redeemed K250, 000 of these loan notes at par, paying interest due to that date. On 1 April 2003 the company issued K500, 000 7% loan notes, interest payable half-yearly on 31 March and 30 September. Calculate the figure should appear in the company's statement of comprehensive income for interest payable in the year ended 30 June 2003?

At 30 June 2002 a company had Klm 8% loan notes in issue, interest being paid half- yearly on 30 June and 31 December. On 30 September 2002 the company redeemed K250, 000 of these loan notes at par, paying interest due to that date. On 1 April 2003 the company issued K500, 000 7% loan notes, interest payable half-yearly on 31 March and 30 September. Calculate the figure should appear in the company's statement of comprehensive income for interest payable in the year ended 30 June 2003?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 30P

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