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While projecting the income statement we assumed that the interest for the year 1990 would be comprised of the new loan interest (assume they need the whole amount) at 10.5%. Which is 49,000. Also additional interest we would have to take into consideration is the 11% off of the remaining part of long-term debt, which, as of the end of 1990, equals 50,000...
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While projecting the income statement we assumed that the interest for the year 1990 would be comprised of the new loan interest (assume they need the whole amount) at 10.5%. Which is 49,000. Also additional interest we would have to take into consideration is the 11% off of the remaining part of long-term debt, which, as of the end of 1990, equals 50,000...
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