- On January 1 2020 Abc Company Received A 8 Three Year Note From A Customer Interest Is Paid Every December 31 The 1 (89.74 KiB) Viewed 16 times
On January 1, 2020, ABC Company received a 8%, three year note from a customer. Interest is paid every December 31. The
-
answerhappygod
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
On January 1, 2020, ABC Company received a 8%, three year note from a customer. Interest is paid every December 31. The
On January 1, 2020, ABC Company received a 8%, three year note from a customer. Interest is paid every December 31. The note has a face value of P5,000,000. The effective rate on the date of the receipt of the note was 10%. What is the initial measurement and subsequent measurement of the note on January 1, 2020 and December 31,2020, respectively? OP3,756,574 and P4,751,314.80 O P5,400,000 and P5,000,000 O P4,751,315 and P4,826,446 O P5,000,000 and P4,909,091