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What is the total impairment loss of accounts receivable? Sheraton Hotel manages an extensive network of boutique hotels in the country. The entity has significant
What is the total impairment loss of accounts receivable? Sheraton Hotel manages an extensive network of boutique hotels in the country. The entity has significant accounts receivable from three customers, namely: Bacolod Inn 5,000,000 Chicken House 9,000,000 Landmark Hotel 8,000,000 Other accounts receivable not individually significant 4,500,000 The entity has determined that the Chicken House receivable is impaired by P1,500,000 and the Landmark Hotel is impaired by P2,000,000. The receivable from the Bacolod Inn is not impaired. The entity has also determined that a compromise rate of 5% is appropriate to measure impairment on all other accounts receivable
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