QUESTION 2: GENERAL BORROWINGS Acruni Co had the following loans in place at the beginning and end of 20X6. General boro wings 31 December 20X6 1 January 20X6 RM'm RM'm 120 10% Bank loan repayable 20x8 9.5% Bank loan repayable 20X9 8.9% debenture repayable 20X7 120 80 80 150 The 8.9% debenture was issued to fund the construction of a qualifying asset (a piece of mining equipment), construction of which began on 1 July 20X6.

QUESTION 2: GENERAL BORROWINGS Acruni Co had the following loans in place at the beginning and end of 20X6. General boro wings 31 December 20X6 1 January 20X6 RM'm RM'm 120 10% Bank loan repayable 20x8 9.5% Bank loan repayable 20X9 8.9% debenture repayable 20X7 120 80 80 150 The 8.9% debenture was issued to fund the construction of a qualifying asset (a piece of mining equipment), construction of which began on 1 July 20X6.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 4MC: A ski company takes out a $400,000 loan from a bank. The bank requires eight equal repayments of the...

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