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Information on a note receivable: Face amount Effective interest P800,000 14% 1. The note is due in lump sum in five years' time. What is
Information on a note receivable: Face amount Effective interest P800,000 14% 1. The note is due in lump sum in five years' time. What is the carrying amount of the note at initial recognition? (Round present value factors to 4 decimal places.) 2. The note is due in four equal annual installments. The first installment is due one period from initial recognition. What is the carrying amount of the note at initial recognition? (Round present value factors to 4 decimal places.) 3. The note is due in five equal annual installments. The first installment is due one period from initial recognition. What is the carrying amount of the note at initial recognition? (Round present value factors to 4 decimal places.)
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