Question
Mika Company secured a one-year bank loan of P8,000,000 on October 1, 2010. The loan is discounted at 10%. The entity signed a note for
Mika Company secured a one-year bank loan of P8,000,000 on October 1, 2010. The loan is discounted at 10%. The entity signed a note for the loan and pledged P10,000,000 of its accounts receivable as collateral for the same. The accounting period of the entity ends on December 31. How much is received by Mika Company on its loan transaction?
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ISO 27001 Handbook Implementing And Auditing An Information Security Management System In Small And Medium Sized Businesses
Authors: Cees Van Der Wens
1st Edition
1098547683, 978-1098547684
