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About NP & Debt Restructuring HO - 2064575149
National Bank grants a 10-year loan of P1,500,000 to Abbo Company at an interest rate of 6% with monthly payments of P16,650. National Bank incurred direct loan origination costs of P40,000 and indirect costs of P20,000, and charged Abbo a 4-point nonrefundable loan origination fee. The carrying amount for Abbo would be P1,480,000. Present value is used to measure certain liabilities, such as long-term liabilities recorded at their present value discounted using the prevailing market interest rate. Current liabilities are normally recorded at the amount expected to be paid rather than present value. X Corp. settled debt through
Detailed Information
| Author: | ['JOHANNA'] |
|---|---|
| Publication Year: | 2023 |
| Pages: | 3 |
| Language: | English |
| Format: | |
| Price: | FREE |
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