Mathematics · Corporate Finance
Flower Ltd has the following interest items: Loan interest receivable (received) £35,000, Accrued interest £5,000, Loan interest payable (for vans) (£10,000), Loan interest payable (for shares) (£8,000). What amount of non-trade loan relationship income will be included in its taxable total profits?
- 1£32,000✓
- 2£32,002
- 3£32,005
- 4£32,009
Correct answer
£32,000
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