Siyar Ltd has issued 6% debentures worth 200,000 OMR having face value of OMR 100 each at a discount of 10%. The flotation cost payable is 5000.If the debenture is redeemable after 10 Years at par, calculate the Net proceeds? a. 90,000 b. 85,000 c. 100,0000 d. 110,000

Siyar Ltd has issued 6% debentures worth 200,000 OMR having face value of OMR 100 each at a discount of 10%. The flotation cost payable is 5000.If the debenture is redeemable after 10 Years at par, calculate the Net proceeds? a. 90,000 b. 85,000 c. 100,0000 d. 110,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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90,000

85,000

100,0000

110,000

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