Question: Compute for the following present values. No. Transactions Present Value/ Carrying Value Beg. Carrying Value December 31, 2022 1. On January 1, 2020, Company A

Compute for the following present values.

No.

Transactions

Present Value/ Carrying Value Beg.

Carrying Value December 31, 2022

1.

On January 1, 2020, Company A issued Non-interest bearing note payable on December 31, 2024, P 5,000,000. The market interest rate for this type of transaction is 12%.

2.

On January 1, 2020, Company A issued Non-interest bearing note payable in five equal installments every December 31 starting December 31, 2020; P 5,0000,000. The market interest rate for this type of transaction is 12%.

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