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How much is the total amount of receivables to be included

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On January 1, 2018, a company received ?2,000,000, 12% notes. The effective interest rate for similar notes is 11%. The principal of the notes is paid in series of ?500,000 annually, together with any accrued interest on the outstanding notes, every December 31, starting December 31, 2018.

problem 1: How much is the total amount of receivables to be included as part of current assets on December 31, 2019?

problem 2: How much is the total amount of receivables to be included as part of non-current assets on December 31, 2019

Reference no: EM132794667

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