Homework Answers
Answer
|
Period End |
Cash Interest Paid |
Bond Interest Expense |
Discount Amortisation |
Carrying Value |
|
01-Jan |
$59,586,058 |
|||
|
30-Jun |
$1,400,000 |
$1,787,582 |
$387,582 |
$59,973,640 |
|
31-Dec |
$1,400,000 |
$1,799,209 |
$399,209 |
$60,372,849 |
|
TOTAL |
$3,586,791 |
--Working
|
Period End |
Cash Interest Paid |
Bond Interest Expense |
Discount Amortisation |
Carrying Value |
|
01-Jan |
59586058 |
|||
|
30-Jun |
=70*1000000*4%*6/12 |
=59586058*6%*6/12 |
=1787582-1400000 |
=59586058+387582 |
|
31-Dec |
=70*1000000*4%*6/12 |
=59973640*6%*6/12 |
=1799209-1400000 |
=59973640+399209 |
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