Question
CISKAS company is financed as follows: Rm 250 million ordinary shares of R 1 each 250 Bonds 90 Non- distributable reserves 40 Long term loans
CISKAS company is financed as follows:
Rm
250 million ordinary shares of R 1 each 250
Bonds 90
Non- distributable reserves 40
Long term loans 80
Retained income 150
120 000 debentures of R 1000 each 120
Calculate the amount financed by Debt.
(a) R200 million
(b) R210 million
(c) R290 million
(d) R440 million
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne Mowen
2nd Edition
0538864451, 978-0538864459
