information on a note receivable at december 31,2021 face amount P800,000 effective interest rate 14% 5. the note is due in lump sum in five years' time what is the carrying amount of the note at December 3, 2021? 6. the note is due in four annual installments. the first installment is due at the end of the year. what is the crrying amount of the note at December 31? 7. the noted is due in five equal annual installments. the first installments is due in advance. What is the carrying amount of the note at December

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 8DQ
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information on a note receivable at december 31,2021 face amount P800,000 effective interest rate 14% 5. the note is due in lump sum in five years' time what is the carrying amount of the note at December 3, 2021? 6. the note is due in four annual installments. the first installment is due at the end of the year. what is the crrying amount of the note at December 31? 7. the noted is due in five equal annual installments. the first installments is due in advance. What is the carrying amount of the note at December 31, 2021?

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