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What is the carrying value of the note on January

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Q1. On January 1, 2020, Company A received a 5 year Non-interest bearing note payable to Company A on December 31, 2024, P 5,000,000. The market interest rate for this type of transaction is 12%. What is the amount that shall be reported on the statement of financial position on December 31, 2022 as Notes Receivable (net of discount or premium)?

Q2. On January 1, 2020, Company A received a Non-interest bearing note payable in five equal instalments every December 31 starting December 31, 2020; P 5,0000,000. The market interest rate for this type of transaction is 12%. What is the carrying value of the note on January 1, 2020?

Q3. On January 1, 2020, Company A received a Non-interest bearing note payable in five equal instalments every December 31 starting December 31, 2020; P 5,0000,000. The market interest rate for this type of transaction is 12%. What is the carrying value of the note on January 1, 2022?

Reference no: EM132984460

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