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What is the carrying amount of the receivable

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Question - On June 30, 2020, Vast Corp. granted a 5-year, non-interest bearing advance to its Vice-President amounting to Php5,000,000. Prevailing interest rate is 8%.

What the journal entry to record the transaction on June 3, 2020 includes a debit to Prepaid Compensation Expense of:

638,800

400,000

272,240

319,400

What is the carrying amount of the receivable from the Vice-President on December 31, 2020?

1,415,648

1,470,096

1,361,200

2,000,000

How much is the interest revenue for year ending Dec 31, 2021?

155,644

113,252

160,000

108,896

How much is the Compensation Expense for year 2022?

46,448

80,000

63,880

127,760

Reference no: EM132834471

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