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Use the following information to answer question 30 On 1 June 2022 Relebogile Limited issued 12 000 15% debentures of R150 each at R175. The
Use the following information to answer question 30 On 1 June 2022 Relebogile Limited issued 12 000 15% debentures of R150 each at R175. The debentures are repayable at nominal value on or before 31 May 2026 and interest is payable annually on 31 May of every year. A mortgage on land and buildings serve as security for the debentures. Time left 1:59:0- Relebogile Ltd amortises the premium on debentures over the term of the debenture issue according to the straight-line method. Relebogile Limited's year-end is 31 December. Question 30 Which one of the following alternatives represents the correct amount to be recognised as premium/discount in the financial statements of Relebogile Ltd for the year ended 31 December 2022? OA. R300 000 Discount OB. R300 000 Premium OC. R270 000 Premium OD. R270 000 Discount OE. R315 000 Premium
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