Suzy Ltd receives a loan from Lex Ltd on 1 July 2018 and enters into...
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Suzy Ltd receives a loan from Lex Ltd on 1 July 2018 and enters into a contractual obligation to repay $300,000 in 3 years time. Suzy currently has an AA credit rating and can borrow at 5%. On 30 June 2019, Suzy Ltds credit rating decreases and its borrowing rate worsens to 6%.
What is the impact on Lex Ltds Financial Statements on 30 June 2019?
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