Imparidade de Nota Fiscal

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Ahmed Nawfal Copyright © 2013 John Wiley & Sons, Inc. Kieso, Intermediate Accounting, 15/e, Solutions Manual (For Instructor Use Only) 7-73 
*PROBLEM 7-15 (Continued) 
 
(c) The note can be considered to be impaired only when it is probable 
that, based on current information and events, National Organization 
Bank will be unable to collect all amounts due (both principal and 
interest) according to the contractual terms of the loan. 
 
(d) The loss is computed as follows: 
 Carrying amount of loan (12/31/15) ................................ $952,599a 
 Less: Present value of $800,000 due 
 in 3 years at 8% .................................................... 
 
 635,064b 
 Loss due to impairment .................................................. $317,535 
 
 aSee amortization schedule from answer (b) on page 7-62. 
 b$800,000 X .79383 = $635,064. 
 
 December 31, 2015 
 National Organization Bank (Creditor): 
 Bad Debt Expense ........................................... 317,535 
 Allowance for Doubtful Accounts ............ 317,535 
 
 Note: Botosan Company (Debtor) has no entry.