On 1 January a company which prepares its financ
On 1 January, a company, which prepares its financial statements according to IFRS, arranged financing for the construction of a new plant. The company:
·Borrowed NZ$5,000,000 at an interest rate of 8%.
·Issued NZ$5,000,000 of preferred shares with a cumulative dividend rate of 6%, and
·During the first year of construction of the company was able to temporarily invest NZ$2,000,000 of the loan proceeds for the first six months and earned 7% on that amount.
The amount of financing costs to be capitalized (NZS) to the cost of the plant in the first years isclosest to:
A.330,000.
B.400,000.
C.630,000.
参考解答
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2024-11-15 05:31:30
Ans:A.
The interest costs can be capitalized.
Under IFRS any amount earned by temporarily investing the period in which they are incurred.
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