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pleaae help me, im struggling to understand this. Question 8 of 8 Riverbed Inc. had the following long-term receivable account balances at December 31, 2019.

pleaae help me, im struggling to understand this.
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Question 8 of 8 Riverbed Inc. had the following long-term receivable account balances at December 31, 2019. Note receivable from sale of division Note receivable from officer 1. 2 $2,400,000 Transactions during 2020 and other information relating to Riverbed's long-term receivables were as follows. The $2,400,000 note receivable is dated May 1, 2019, bears Interest at 9%, and represents the balance of the consideration received from the sale of Riverbed's electronics division to New York Company, Principal payments of $800,000 plus appropriate interest are due on May 1, 2020, 2021, and 2022. The first principal and interest payment was made on May 1, 2020, Collection of the note installments is reasonably assured. 3. 481,900 3.03/5 = : The $481.900 note receivable is dated December 31, 2019, bears interest at 8%, and is due on December 31, 2022. The note is due from Sean May, president of Riverbed Inc. and is collateralized by 12,048 shares of Riverbed's common stock. Interest is payable annually on December 31, and all interest payments were paid on their due dates through December 31, 2020. The quoted market price of Riverbed's common stock was 544 per share on December 31, 2020 On April 1, 2020, Riverbed sold a patent to Pennsylvania Company in exchange for a $102.000 zero-interest-bearing note due on April 1.2022. There was no established exchange price for the patent, and the note had no ready market. The prevailing rate of interest for a note of this type at April 1, 2020, was 12%. The present value of $1 for two periods at 12% is 0.797 (use this factor). The patent had a carrying value of $40,800 at January 1, 2020, and the amortization for the year 4. (a) On July 1, 2020, Riverbed sold a parcel of land to Splinter Company for $200,000 under an installment sale contract. Splinter made a $60,000 cash down payment on July 1, 2020, and signed a 4-year 11% note for the $140,000 balance. The equal annual payments of principal and interest on the note will be $45,126 payable on July 1, 2021, through July 1, 2024. The land could have been sold at an established cash price of $200,000. The cost of the land to Riverbed was $150,000. Circumstances are such that the collection of the installments on the note is reasonably assured. - Your answer is partially correct. Prepare the long-term receivables section of Riverbed's balance sheet at December 31, 2020. (Round answers to O decimal places eg. 5,125) RIVERBED INC. Long-Term Receivables Section of Balance Sheet December 31, 2020 .. RIVERBED INC. Long-Term Receivables Section of Balance Sheet December 31, 2020 Note receivable from sale of division Note receivable from officer Note receivable from sale of patent Installment contract receivable Total long-term receivables eTextbook and Media 800000 Attempts: 1 of 5 used Submit An Prepare a schedule showing the current portion of the long-term receivables and accrued interest receivable that would appear in Riverbed's balance sheet at December 31, 2020. (Round answers to O decimal places, eg. 5,129.) RIVERBED INC. Selected Balance Sheet Balances December 31, 2020 Current portion of long-term receivables Installment contract receivable Note receivable from sale of division Total current portion of long-term receivables Accrued interest receivable Menns sale of division DOU RIVERBED INC. Interest Revenue from Long-Term Receivables For the Year Ended December 31, 2020 Prepare a schedule showing interest revenue from the long-term receivables that would appear on Riverbed's income statement for the year ended December 31, 2020. (Round answers to O decimal places, eg. 5,125.) Interest revenue Note receivable from sale of division Note receivable from sale of patent Note receivable from officer Mistallwt contract receivable 3.03 Total dorest revenue 11 ***

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