CIMA F2 Question Answer
GH issued a 6% debenture for $1,000,000 on 1 January 20X4. A broker fee of $50,000 was payable in respect of this issue. The effective interest rate associated with this debt instrument is 7.2%.
The carrying value of the debenture at 31 December 20X4 is:
CIMA F2 Summary
- Vendor: CIMA
- Product: F2
- Update on: Jul 29, 2025
- Questions: 268
