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Show your solution clearly d st t 9. On Jan. 1, 20x1, Pakbet Co. received a 3-year, noninterest- bearing note with face amount of P2,100,000
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d st t 9. On Jan. 1, 20x1, Pakbet Co. received a 3-year, noninterest- bearing note with face amount of P2,100,000 due in equal semi-annual payments every July 1 and December 31. The effective interest rate is 10%. How much are the interest income in 20x1 and the carrying amount of the note on Dec. 31, 20x1, respectively? a. 164,591; 1,241,083 c. 124,591; 1,612,083 b. 88,825; 1,241,083 d. 164,591; 1,515,317Step by Step Solution
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