About this document
Long-Term Loan Accounting Insights by AleezaAngelaSanchezNarvadez is a document available to read on EtoBox.
Smart Company has a P3 million note receivable from the sale of a plant in 2008. The note pays P1 million annually plus interest on the unpaid balance. The note details and interest income calculations for 2009 and 2010 are provided. Trans Company sold land for P8 million in 2009 and received a P5.6 million, 4-year 11% note plus a P2.4 million down payment. The annual payments and current portion as of December 31, 2010 are given. Several other notes receivable transactions are described along with calculat
- Author
- AleezaAngelaSanchezNarvadez
- Language
- EN