94 The total of the partners' capital accounts P770,000 before the recognition of partnership asset revaluation in preparation for the withdrawal of a partner whose profit or loss sharing is 20%. He was paid P196,000 by the firm in final settlement for his interest. The remaining partners' capital accounts, excluding their share of the asset revaluation, totaled P630,000 after his withdrawal. The total asset revaluation of the firm agreed upon was * (1 Point) 140,000 O 196,000 O 56,000 O 280,00052 The prevailing market interest rate for similar instrument at the time of restructuring (December 31, 2019) is 12%. What is the impairment loss to be recognize din December 31, 2019? (Use four decimal places for the PV factor) * (1 Point) 47 December 31, 2019, one of MINO Company's creds customen, 1234, is experiencing financial difficulten, As a result, 123A has mined the payment of the principal amount of its notes payable of P3,C00,000 and accrued interest for the year is P303,000, A ruifructuring arrungement win approved by the monogoment of MNO Company, as follows * The principal was reduced to P2,090,000 and wil be due on December 31, 2021. * Accraed Interest of P300,090 n condonadd. barest rule b reduced to $15 payable on December 31, 2020, and December 31, 2021. The prevailing market Interest rate for similar Instrument of the time of restructuring [December 31, 2019) 6 121. What h the Impairment lois to be recognized in December 31, 20197 [Use four decimal places for the PV factor) O P1,369,520 O PO O P1,157,432 O P1,447,184