The correct answer is D. P0. Please help me compute or explain the Image transcription textMC49 On December 31, 2020, Guimaras Corporation is experiencing extreme financial pressure and is indefault in meeting interest payment on its long-term note of P6,000,000 due on December 31, 2020. Theinterest rate is 10% payable every December 31. In an agreement with the creditor, Guimaras Cor Show more Show moreThe correct answer is D. P0. Please help me compute or explain the reason for the answer.Accounting Business Financial Accounting ACCOUNTING BA 118
