q1

Question 1 2 pts An entity's liabilities include a P2,800,000 note issued in April 1, 2020, bearing interest at 15%. The note is payable in four equal annual installments of P700,000 beginning April 1, 2021. The first principal and interest payment was made on April 1, 2021. Determine the total amount included under current liabilities in the entity's statement of financial position as of December 31, 2021 from this obligation. O 1,015.000 O 700,000 0 778,750 o 936,250 Next