On April 1, 2020, Dei Delivery Service issued a ₱10,800,000 non-interest bearing note due March 31, 2023 for a price of land with a cash price of ₱8,339,760. How much is the interest expense for the year ended December 31, 2020 (round to nearest peso

On April 1, 2020, Dei Delivery Service issued a ₱10,800,000 non-interest bearing note due March 31, 2023 for a price of land with a cash price of ₱8,339,760. How much is the interest expense for the year ended December 31, 2020 (round to nearest peso

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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