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Questions and Answers
Which of the following is included in borrowing costs?
Which of the following is included in borrowing costs?
- Dividends on stocks
- Exchange differences on foreign currency deposits (correct)
- Interest on bank deposits
- Interest on credit cards
What is the meaning of amortization of ancillary costs incurred in relation to the arrangement of borrowings?
What is the meaning of amortization of ancillary costs incurred in relation to the arrangement of borrowings?
- The cost of borrowing money from a bank
- The cost of borrowing money from a friend
- The cost of arranging a loan (correct)
- The cost of buying a loan
What are finance charges relating to the assets acquired under finance leases or under any other similar arrangement?
What are finance charges relating to the assets acquired under finance leases or under any other similar arrangement?
- The cost of leasing the asset (correct)
- The cost of buying the asset
- The cost of selling the asset
- The cost of maintaining the asset
