On September 10, 2019, W can collect from which debtor, and for what amount?

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Study for the Supernova Regulatory Framework for Business Transactions Test. Use flashcards and multiple choice questions. Each question has hints and explanations. Get prepared for your exam!

Multiple Choice

On September 10, 2019, W can collect from which debtor, and for what amount?

Explanation:
The key idea is to identify which receivable is currently due and collectible on the given date, based on the terms and maturities of each debtor. On September 10, 2019, the only receivable that is matured and collectible is the one with a balance of P12,000. This means that debtor’s obligation has reached its due date or is otherwise immediately demandable as of that date, making it collectible now. The other debtors either have amounts that aren’t due yet, or their balances aren’t currently collectible due to terms, timing, or disputes. So the P12,000 from the debtor in question is the one W can collect on that date.

The key idea is to identify which receivable is currently due and collectible on the given date, based on the terms and maturities of each debtor.

On September 10, 2019, the only receivable that is matured and collectible is the one with a balance of P12,000. This means that debtor’s obligation has reached its due date or is otherwise immediately demandable as of that date, making it collectible now.

The other debtors either have amounts that aren’t due yet, or their balances aren’t currently collectible due to terms, timing, or disputes. So the P12,000 from the debtor in question is the one W can collect on that date.

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