On 1/1/2016 the ministry of education was granted a loan with the value of JD 14 million from a European agent through a branch of foreign bank that operates in Jordan. The interest is 4% (while the market interest on such transaction is 10%), and the purpose of the loan was to establish 8 schools in specific locations in Jordan during the next three years. Once this condition is met only JD 10 million of the loan is repaid on 31/12/2018 and the interest is repaid annually. If the schools are not established the loan will be paid in addition to the market interest to the granted agent Instructions: Answer the following questions if you know that the present value of the loan in addition to its interests is JD 8200000 and the ministry of health has established 3, 2 and 3 hospitals during the years 2016, 2017 and 2018 respectively 1- The total value of deferred revenue from non-exchange transaction is: 2- The amount of revenue from non-exchange transaction that is allocated to the year of 2016 is: 3- The balance of deferred revenue from non-exchange transaction on 31/12/2016 is 4- The amount of revenue from non-exchange transaction that is allocated to the year of 2017 is: 5- If the there are no conditions regarding the loan, the amount of deferred revenue from non-exchange transaction that should be recognized is On 1/1/2016 the ministry of education was granted a loan with the value of JD 14 million from a European agent through a branch of foreign bank that operates in Jordan. The interest is 4% (while the market interest on such transaction is 10%), and the purpose of the loan was to establish 8 schools in specific locations in Jordan during the next three years. Once this condition is met only JD 10 million of the loan is repaid on 31/12/2018 and the interest is repaid annually. If the schools are not established the loan will be paid in addition to the market interest to the granted agent Instructions: Answer the following questions if you know that the present value of the loan in addition to its interests is JD 8200000 and the ministry of health has established 3, 2 and 3 hospitals during the years 2016, 2017 and 2018 respectively 1- The total value of deferred revenue from non-exchange transaction is: 2- The amount of revenue from non-exchange transaction that is allocated to the year of 2016 is: 3- The balance of deferred revenue from non-exchange transaction on 31/12/2016 is 4- The amount of revenue from non-exchange transaction that is allocated to the year of 2017 is: 5- If the there are no conditions regarding the loan, the amount of deferred revenue from non-exchange transaction that should be recognized is
