nformation on a note receivable: Face amount ₱800,000 Effective interest 14% 1. The note is due in lump sum in five years’ time. What is the carrying amount of the note at initial recognition? (Round present value factors to 4 decimal places.) 2. The note is due in four equal annual installments. The first installment is due one period from initial recognition. What is the carrying amount of the note at initial recognition? (Round present value factors to 4 decimal places.) 3. The note is due in five equal annual installments. The first installment is due one period from initial recognition. What is the carrying amount of the note at initial recognition? (Round present value factors to 4 decimal places.)
nformation on a note receivable: Face amount ₱800,000 Effective interest 14% 1. The note is due in lump sum in five years’ time. What is the carrying amount of the note at initial recognition? (Round present value factors to 4 decimal places.) 2. The note is due in four equal annual installments. The first installment is due one period from initial recognition. What is the carrying amount of the note at initial recognition? (Round present value factors to 4 decimal places.) 3. The note is due in five equal annual installments. The first installment is due one period from initial recognition. What is the carrying amount of the note at initial recognition? (Round present value factors to 4 decimal places.)
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
Information on a note receivable:
Face amount ₱800,000
Effective interest 14%
1. The note is due in lump sum in five years’ time. What is the carrying amount of the note at initial
recognition? (Round
2. The note is due in four equal annual installments. The first installment is due one period from initial
recognition. What is the carrying amount of the note at initial recognition? (Round present value factors to
4 decimal places.)
3. The note is due in five equal annual installments. The first installment is due one period from initial
recognition. What is the carrying amount of the note at initial recognition? (Round present value factors to
4 decimal places.)
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