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'3 The bank loan is for 5 years and repayable in full at the end of the term. The interest rate is 9% and it

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'3 The bank loan is for 5 years and repayable in full at the end of the term. The interest rate is 9% and it is secured over the land. . Newcastle Ltd uses the single statement format for the statement of prot or loss and other comprehensive income and classies expenses by function Within the statement

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