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1 2 Dominique, the CFO for Trattoria Inc., asked you to classify the following liabilities for the December 31, 2020, statement of financial position: Identify
1 2 Dominique, the CFO for Trattoria Inc., asked you to classify the following liabilities for the December 31, 2020, statement of financial position: Identify each of the liabilities as current or non-current. (Note that some liabilities may be classified partially as current and partially as non-current.) Trattoria declared a dividend in 2020 of $26.000, which is payable on January 31, 2021. During the month of December, Trattoria settled warranty claims with customers by issuing in-store credit totalling $15.000 On August 1, 2020, Trattoria obtained a $10,800 five-year loan with annual equal principal repayments of $2,160 due on July 31. Interest at 10% per year is payable every six months on January 31 and July 31 In December, the company withheld deductions totalling $5.300 from its employees, which will be remitted on January 15, 2021 During 2020.customers purchased five-year extended warranty plans totaling 537.000. Management expects that claims under these warranties will be equal in each year of the warranty period. 6. During the December holiday shopping period, the company sold 5.400 in gift cards 7. During 2020, Trattoria obtained a 55 400 loan with a three-vear term from a bank. The loan contains a current ratio requirement, which the company breached on December 31. Breaching this requirement can trigger immediate repayment 3 4 5 of the loan Current Long-term $ 1. $ 3. $ $ $ >> 4. $ $ $ $ 5.
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