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How much is the initial measurement of the receivable

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Receivable with cash price equivalent, On January 1, 20x1, ABC Co. sold inventory costing P 1,800,000 with a list price of P2,200,000 and a cash price of P2,000,000 in exchange for a P2,400,000 noninterest-bearing note due on December 31, 20x3.

Problem 1: How much is the initial measurement of the receivable?

a. 1,800,000

b. 2,200,000

c. 2,000,000

d. 2,400,000

Reference no: EM132669958

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