For debentures who decides rate of interest
For debentures who decides rate of interest?
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Company decides the rate of interest for the debentures where debenture is just an easy document that is employed to make either debt or admit the debt. When the company issues it then it does it in the type of a certificate which acknowledges gratitude. The debentures are issued to the lenders in the Company's Common Seal and alongside the charge on the assets of the Company. Whoever contains the debentures does not have the right to hold the meeting with the company. The rate of interest with that the debentures gets issued are named as coupon rate. They are of two types which are illustrated below: i) Floating rate of interest is in accordance with the rate of bank and reward of risk.
ii) Fixed Rate
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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