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Assume a noninterest-bearing note is received on January 1, 2011 for P200,000 with an unearned interest income of P40,000 and payable at P50,000 every December

Assume a noninterest-bearing note is received on January 1, 2011 for P200,000 with an unearned interest income of P40,000 and payable at P50,000 every December 31.

If a statement of financial position is prepared on December 31, 2012, what amount of note receivable - noncurrent portion shall be presented?

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