8:16 WOLFE 1 33% S forms,office.com/pages/responsepat 7 330,000 56 What is the total cash received from the financing of receivables and the amount of loss, respectively? * (1 Point) On January 31, 2019, YZ Company engaged in the following fromactionis " Obtained a P500,000, 6-month loan from ZY, discounted at 121% The company pledged P800,000 accounts receivable as security for the loon. Factored P1,000,000 of accounts receivable without recourse on a notification barks with XWV Finance Company. XWV Finance charged a factoring les of 5%% of the amount of racalvables factored and whihold 10%% of the receivables factored. What is the total cash received from the financing of receivables and the amount of loss, P1,320,000 and P150,000 O P1,320,000 andP50,000 O P1,420,000 and P150,000 O P1,420,000 and P50,000 57 What total amount should be reported as cash and cash equivalents at December31,2020 on the statement of8:20 OFPIPE 1 32% forms,office.com/pages/responsepar 7 93 Jungkook, a partner in BTS Accounting firm, decided to retire from the partnership. Jungkook has a 30% share in profit or loss of the partnership. In the final settlement of Jungkook's interest, the partnership paid him P86,000,although his capital balance before his retirement was only P80,000. The P6,000difference implied that an equipment was undervalued, for which an appropriate adjustment was taken up in the books of the partnership. The total partner's capitals before Jungkook's retirement and before adjustment of equipment to fair value was P270,000. What would be partnership's net assets after the retirement of Jungkook? * (1 Point) O 184,000 204,000 190,000 O 210,000 948:16 WOLFE 1 33% S forms.office.com/pages/responsepat 7 57 What total amount should be reported as cash and cash equivalents at December31,2020 on the statement of financial position? * (1 Point) On December 31, 2020, ABC Company had the following cash balances Couch in BDO per bank statement, net of overdraft of P 50,000 P 2 500,000 Petty cash fund 100.000 Time deposit (acquired on October 15,2020 due Jon 15,2021] 350,000 Cash per bonk sotwent Includes P 150,090 compensating balance against short-term borrowing arrangement on December 31,2020. The compensating balance is not legally reatricted for withdrawal . There are pubslanding chacia of P 50,000 and depaulta in trami of P 10,000. There a no right of offset want between the dopoiltor and the back. * The petty cash fund includes expose wuchen of P 20,000 and Ill from employees of P 10,000. The company has the policy of recognizing Hem as cash equivalents if it is acquired 4 months we less bafees tha date of my city 2,580,000 O 2,930,000 3,170,000 2,970,000 58 How much is the amortized cost on December 31, 2020? *