In june2018Company A loaned company B300,000with12%interest and the payment will be in5instalments. The payment begins in jan2019.

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In june 2018 Company A loaned company B 300,000 with 12% interest and the payment will be in 5 instalments. The payment begins in jan 2019.

The interest payment starts from july 2018 to be paid in the begging of the month. Company B made interest payment through November. In January 2019 the first instalment in received.

What will be the interest receivable for company A by December 2018?

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Posted Date: Nov 17, 2023 06:11 AM

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In june2018Company A loaned company B300,000with12%interest and the payment will be in5instalments. The payment begins in jan2019.

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To calculate the interest receivable for Company A by December 2018 we need to d... View the full answer

South-Western Federal Taxation 2020 Comprehensive

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