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What sample has an impairment related to receivables of

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Sample Company has the following receivables classified into individually significant and all other receivables.

Individually significant receivables

Co. P 40,000

Inc. 100,000

Co. 60,000

Ltd. 50,000 P250,000

All other receivables 500,000

Total P750,000

Sample determines that P's receivable is impaired by P15,000, and C's receivable is totally impaired. Both R's and T's receivables are not considered impaired. Sample also determines that a composite rate of 2% is appropriate to measure impairment on all other receivables.

Problem 1: Sample has an impairment related to its receivables of

Group of answer choices

Option 1: P78,700

Option 2: P80,000

Option 3: P78,200

Option 4: P75,000

Reference no: EM132676608

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