Borrowing Costs Quiz
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Questions and Answers

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?

  • 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?

  • 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

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