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Please show all working: Dunstan Limited borrowed $ 3 4 , 0 0 0 , 0 0 0 from the bank at an effective interest
Please show all working:
Dunstan Limited borrowed $ from the bank at an effective interest rate of to construct a qualifying asset. The loan was received in full on January and half on the money invested on that date at interest.
Construction of the asset commenced on April and worked was suspended for the months of September and October The asset was completed and ready for use on December
REQUIRED: Show the extracts from the Statement of Comprehensive Income and the Statement of Financial Position to record the information above.
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