Question
ABC Company had the following account balances at December 31, 2019:Accounts payable-P980,000; Accounts receivable- P2,160,000; Allowance for bad debts- P250,000; Cash- P224,000; Wages payable- P108,000;
ABC Company had the following account balances at December 31, 2019:Accounts payable-P980,000; Accounts receivable- P2,160,000; Allowance for bad debts- P250,000; Cash- P224,000; Wages payable- P108,000; Trademarks- P450,000; Long-term advances to officers- P1,500,000: Inventory- P830,000; Income taxes payable- P720,000; Notes receivable (short-term)- P970,000; Bond redemption fund- P1,800,000; Bonds payable- P5,000,000; Premium on bonds payable- P400,000; Treasury shares- P576,000.How much were the total current liabilities at December 31, 2019?
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
