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Show accounting good form solutions 1 poi On Jan. 1, 2021, XYZ Bank extended a 3-year P5,000,000 loan to ABC Corporation. The interest rate agreed
Show accounting good form solutions
1 poi On Jan. 1, 2021, XYZ Bank extended a 3-year P5,000,000 loan to ABC Corporation. The interest rate agreed upon is 7%. The bank incurred direct and indirect origination costs of P75,100 and P50,000 respectively, but collected origination fees of P328,230 from ABC. The effective interest rate is 9%. What is the total receivable related to the loan to ABC on Dec. 31, 2021? * LLOC One Dielezexbas C02 SOSO Your answer Conte LUGO Locolate cuoco Monaco no accon 12 COLOS bonus edo los cono RCO cougato 2 o echte poloma Juole cena 20 3000000 26cnie Bottoma * 2nd year VOLER 30 Colapis 3 000 000 MOISEIDON 3 000 000 In its second year of operation, Painter Inc noticed possible theft of its inventories. It gathered the following information from its operations: 1" Year Purchases P 1,200,000 P 1,500,000 30 000 Freight-in 100,000 120,000 30 000 Purchase returns and allowance 50,000 60,000 Purchase discount CULO 40,000 70,000 Sales 1,300,000 1800,000 Sales returns and allowance 100,000 250,000 below conu BSC Api Sales discount 120 000 150,000 20 000 in bolezi ceea Cost of sales 900,000 ??? pine tuae O503 If the physical ending inventory were valued at P325,000, how much is the estimated loss from inventory theft? 00012 gooo DOO LUOGO LOLcina U21 cluso ou o On January 2, 2020, Magsaysay Company sold equipment with a carrying amount of P400,000 in exchange for a P600,000 4-year non-interest- bearing note due January 2, 2024. There was no established exchange price for the equipment. The prevailing rate of interest for a note of this type at January 2, 2020 was 10%. What is the carrying value of the note receivable as of December 31, 2022 Statement of Financial Position? s of December 31, 2022 StatemeStep by Step Solution
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