ALT1/2018 Oudeh Group sold a merchandise inventory for Faloji Co. Oudeh receives in exchange a 10-year, 5250.000 note bearing interest at 434 oually. The market cate or interest for a note of similat risk is 0%. Assume the presett value of the note at 1/1/2018 was $205,000 Instructions Discount amortized on December 31, 2019 equalis 2 - Interest revenue for the year ended on December 31, 2019 equalss 3. what is the total amount of dincount to be amortized over the maturity period 5 what is the amount of note receivable to be credited at collection entry at maturity date? Question 10 1.5 points Hamzah loc. decides to discontinue its (X) division which lost $31.000 from operations during 2020. Hamzah sold the division at the end of the year at a loss of $6,000. Income statement for Hamzah Inc reported 550,000 income from continued operations for 2020 Asume applicable income tax rate is 10% what is the net income to be reported at income statement for 20307 16700 13000 00 78300 11700 Question 11 Natsheh Corp's trial balance reflected the following account balances at December 31, 2020: Accounts receivable $24,000 Financial assets measured at fair value-through OCI 6,000 Deposits held as compensating balance for short term loan 15,000 Cash 21,000 Inventory 30,000 Equipment 25,000 Allowance for doubtful account 4,000 Prepaid expenses 2.000 Land held for sale 18,000 Buildings 20.000 accumulated depreciation 10,000 1- In Natsheh's December 31, 2020 statement of financial position the current assets total is: a. S92,000 b. 591,000 c. $73,000 d. $106.000 2- In Natsheh's December 31, 2020 statement of financial position the Non-current assets total is: a. 549.000 b. 541,000 c. $59.000, d. 569,000 Question 12 15 point e An Petra Cottoes a five year, interest-bearing 25.000 note 0 January 1, 2018. This note specifies that each January 1, starting Juary 1, 2019. Petra should pay 5.000 of the note When the company prepares financial statements on December 31, 2020 What amount should be reported as a curteat liability 25,000 10.000 a Zero 5.000