Notes Receivable

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7 Terms

1
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notes receivable

a kind of receivable with promissory note

2
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true

notes receivable only represents trade notes receivable

3
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non-derivative
fixed determinable payment
not quoted in a active market

characteristics of notes receivable

4
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present value or face value + transaction cost

initial measurement of notes receivable

5
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initial measurement of notes receivable

subsequent measurement of notes receivable

6
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face amount - principal repayment - remaining unearned interest

formula for amortized cost

7
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when the given is annual payment and not total

when do you use pv of ordinary annuity of 1