Mohammed is a financial analyst at GreenTech Manufacturing. He is reviewing the company's Statement of...
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Accounting
Mohammed is a financial analyst at GreenTech Manufacturing. He is reviewing the company's Statement of Financial Position to prepare for an upcoming audit. One of his tasks is to calculate the book value of the company's fixed assets, which include a factory building and machinery. The factory building was purchased for R and the machinery for R Over the years, the accumulated depreciation on the building is R and on the machinery is R Mohammed needs to determine the current book value of these fixed assets to ensure accurate financial reporting.
Mohammed is reviewing the company's issued debentures. He notes that each debenture has a fixed amount stated on it which the company will pay to creditors on the maturity date. However, he also observes that the trading price of these debentures fluctuates due to varying economic and market conditions. Based on the scenario what is the fixed amount stated on an issued debenture called?
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