2,800,000 1,600,000 % bank loan 280,000 0% short-term note % long-term loan 160,000 2,000,000 6,400,000 240,000 680,000 truction began on January 1, 2021 and the building was completed on December 31, 2021. In hase of the construction, there were idle funds which the entity invested and earned interest P62,500. Expenditures on the building were made as follows: nuary 1 arch 31 400,000 1,000,000
2,800,000 1,600,000 % bank loan 280,000 0% short-term note % long-term loan 160,000 2,000,000 6,400,000 240,000 680,000 truction began on January 1, 2021 and the building was completed on December 31, 2021. In hase of the construction, there were idle funds which the entity invested and earned interest P62,500. Expenditures on the building were made as follows: nuary 1 arch 31 400,000 1,000,000
Chapter1: Financial Statements And Business Decisions
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Problem 1Q
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