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How much is the carrying amount of receivable on december

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Receivable with cash price equivalent, On January 1, 20x1, ABC Co. sold inventory costing P 1,800,000 with a list price of P2,200,000 and a cash price of P2,000,000 in exchange for a P2,400,000 noninterest-bearing note due on December 31, 20x3.

Problem 1: How much is the carrying amount of the receivable on December 31, 20x1?

a. 2,125,390

b. 2,135,341

c. 2,098,343

d. 2,000,000

Reference no: EM132669960

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