21.On Dec. 31, 2021 , Peter Co. determines that its loan receivable from Paul Co. with a carying amount of P 5,600, 000 is impaired. Peter Co. restructures the loan reducing it to P 4,200,000. The restructured loan is payable in 3 equal annual payments starting on Jan. 1, 2022 . All future interests are waived. The effective interest rate applied on the loan on its initial recognition is 12%. The current market rate on Dec. 31, 2021 is 10%. How much are the impairment loss in 2021 . A.2,366,071 B.1,833,929 C.1,116,071 D.2,237,436 22. On Dec. 31, 2021 , Peter Co. determines that its loan receivable from Paul Co. with a carying amount of P 5,600, 000 is impaired. Peter Co. restructures the loan reducing it to P 4,200,000. The restructured loan is payable in 3 equal annual payments starting on Jan. 1, 2022 . All future interests are waived. The effective interest rate applied on the loan on its initial recognition is 12%. The current market rate on Dec. 31, 2021 is 10%. How much are the interest income in 2022? * A.403,508 B.100,492 C.451,929 D.283,929
21.On Dec. 31, 2021 , Peter Co. determines that its loan receivable from Paul Co. with a carying amount of P 5,600, 000 is impaired. Peter Co. restructures the loan reducing it to P 4,200,000. The restructured loan is payable in 3 equal annual payments starting on Jan. 1, 2022 . All future interests are waived. The effective interest rate applied on the loan on its initial recognition is 12%. The current market rate on Dec. 31, 2021 is 10%. How much are the impairment loss in 2021 . A.2,366,071 B.1,833,929 C.1,116,071 D.2,237,436 22. On Dec. 31, 2021 , Peter Co. determines that its loan receivable from Paul Co. with a carying amount of P 5,600, 000 is impaired. Peter Co. restructures the loan reducing it to P 4,200,000. The restructured loan is payable in 3 equal annual payments starting on Jan. 1, 2022 . All future interests are waived. The effective interest rate applied on the loan on its initial recognition is 12%. The current market rate on Dec. 31, 2021 is 10%. How much are the interest income in 2022? * A.403,508 B.100,492 C.451,929 D.283,929
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
21.On Dec. 31, 2021 , Peter Co. determines that its loan receivable from Paul Co. with a carying amount of P 5,600, 000 is impaired. Peter Co. restructures the loan reducing it to P 4,200,000. The restructured loan is payable in 3 equal annual payments starting on Jan. 1, 2022 . All future interests are waived. The effective interest rate applied on the loan on its initial recognition is 12%. The current market rate on Dec. 31, 2021 is 10%. How much are the impairment loss in 2021 .
A.2,366,071
B.1,833,929
C.1,116,071
D.2,237,436
22.
On Dec. 31, 2021 , Peter Co. determines that its loan receivable from Paul Co. with a carying amount of P 5,600, 000 is impaired. Peter Co. restructures the loan reducing it to P 4,200,000. The restructured loan is payable in 3 equal annual payments starting on Jan. 1, 2022 . All future interests are waived. The effective interest rate applied on the loan on its initial recognition is 12%. The current market rate on Dec. 31, 2021 is 10%. How much are the interest income in 2022? *
A.403,508
B.100,492
C.451,929
D.283,929
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