*On December 1, 2022, CMA Company assigned specific accounts receivable on a Non-Notification Basis totaling P2,000,000 as collateral on a P1,500,000, 9% note from a bank. in addition to the interest the bank also charged a 2.5% finance fee deducted in advance on the P1,500,000 value of the note. The December collections of assigned accounts receivable amounted to P1,000,000 less cash discount of P20,000. the company accepted the sales returns of P50,000 on the assigned accounts and wrote off assigned accounts of P75,000

What amount of cash was received from the assignment of accounts receivable on December 1, 2022?

a.1,950,000

b.1,462,500

c.1,500,000

d.2,000,000

What is the carrying amount of the note receivable on December 31, 2022?

a.2,325,000

b.3,164,000

c.2,664,000

d.4,500,000

What is the balance of accounts receivable assigned on December 31, 2022?

a.875,000

b.857,500

c.895,000

d.837,500

Assuming the Assignment is on a Notification Basis, what is the Accounts Receivable - Assigned on December 31, 2022?

a.895,000

b.857,500

c.875,000

d.837,500