Subject :- ADVANCED FINANCIAL ACCOUNTING (FIN611) Question # 2: XYZ Limited has the following loans outstanding as at December 31, 2020. Calculate the Capitalization Rate Loan – A @ 8% (taken at January 01, 2020) Rs. 600,000 Loan – B @ 5% (taken at July 01, 2020) Rs.400,000 Loan – C @ 9% (taken at September, 01 2020) Rs.300,000 The company spent following amounts on construction of an asset. March 01, 2020. Rs. 500,000 August 01, 2020. Rs. 400,000 December 1, 2020 Rs. 400,000

Subject :- ADVANCED FINANCIAL ACCOUNTING (FIN611) Question # 2: XYZ Limited has the following loans outstanding as at December 31, 2020. Calculate the Capitalization Rate Loan – A @ 8% (taken at January 01, 2020) Rs. 600,000 Loan – B @ 5% (taken at July 01, 2020) Rs.400,000 Loan – C @ 9% (taken at September, 01 2020) Rs.300,000 The company spent following amounts on construction of an asset. March 01, 2020. Rs. 500,000 August 01, 2020. Rs. 400,000 December 1, 2020 Rs. 400,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 2MCQ

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