Question
on 1 January 2012, an entity issued a debt instrument with a coupon rate of 13.5% at par value of 10,000,000. The directly attributable costs
on 1 January 2012, an entity issued a debt instrument with a coupon rate of 13.5% at par value of 10,000,000. The directly attributable costs of the issue were 550,000. The debt instrument is repayable on 31 December 2013 at a premium of 1,500,000.what is the total finance cost associated with the debt instrument at the repayment date?
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Principles Of Accounting
Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
