Question: 13. ABC Company has an 8% note receivable dated June 30,2016, in the original amount of P1,500,00. Payments of P500,000 in principal, plus accrued,interest are

13. ABC Company has an 8% note receivable dated June 30,2016, in the original amount of P1,500,00. Payments of P500,000 in principal, plus accrued,interest are due annually on July 1,.2017, 2018 and 2019. In the June 30,2018 statement of financial position, what amount should be reported as a current asset for interest on the note receivable

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