January 1, 2019, Hue Company sold some of its inventory to a customer in exchange for a 3-year note with a face value of P1,800,000 and bearing interest at 9%. The note is payable in three equal annual installments beginning January 1, 2020, plus interest. What is the total amount of current assets to be reported on December 31, 2020, in relation to the note? 

a. P708,000 

b. P108,000 

c. P1,308,000 

d. P762,000

Answer rating: 100% (QA)

Answer d P762000 The total amount of curren... View the full answer