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Question: ABC Company sold its inventory for P300,000 to DEF on January 2, 2017 and received a one-year note bearing an interest of 12% for the full amount. On December 31, 2017, ABC determined based on DEF's recent financial crisis and the amount due on January 2, 2018 will not be collected and that only P210,000 of the principal will be collected with some delay until the end of 2019.
What is the carrying value of the notes receivable on ABC's 2017 statement of financial position?
-P210,000 -Answer not given -P167,412 -P187,500 -P300,000
The existing frame has no value on the second hand market. What was the internal depreciation charge that was made last year
refer to the above data. assume that in its financial statements charter products uses straight-line depreciation and
Determine the effect on the company's the incremental net operating income of accepting the special order. (Omit the "$" sign in your response.)
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