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1. Carriageways Co had the following bank loans outstanding during the whole of 20X8 which form the company's general borrowings for the year: 9% loan
1. Carriageways Co had the following bank loans outstanding during the whole of 20X8 which form the company's general borrowings for the year:
9% loan repayable 20X9 11
11% loan repayable 20Y2 20
Carriageways Co began construction of a qualifying asset on 1 April 20X8 and withdrew funds of 6 mln $ on that date to fund construction. On 1 August 20X8 an additional 2 mln $ was withdrawn for the same purpose.
1. Carriageways Co had the following bank loans outstanding during the whole of 20X8 which form the company's general borrowings for the year:
9% loan repayable 20X9 11
11% loan repayable 20Y2 20
Carriageways Co began construction of a qualifying asset on 1 April 20X8 and withdrew funds of 6 mln $ on that date to fund construction. On 1 August 20X8 an additional 2 mln $ was withdrawn for the same purpose.
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