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How much interest receivable isreported

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Question - On Jan. 1, 20x1, Call Co. received a 10% note with face amount of P1,200,000. Both principal and compounded interests are due on January 1, 20x4. How much interest receivable isreported on the December 31, 20x2 statement of financial position?

a. 132,000

b. 120,000

c. 168,000

d. 252,000

Reference no: EM133115639

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