Question
On January 1, 2018, a company received 2,000,000, 12% notes. The effective interest rate for similar notes is 11%. The principal of the notes is
On January 1, 2018, a company received ₱2,000,000, 12% notes. The effective interest rate for similar notes is 11%. The principal of the notes is paid in series of ₱500,000 annually, together with any accrued interest on the outstanding notes, every December 31, starting December 31, 2018.
How much is the total amount of receivables to be included as part of current assets on December 31, 2019?
- How much is the total amount of receivables to be included as part of non-current assets on December 31, 2019?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
