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help me please thank you 26) At December 31, 2018, Dolphins Corporation owed notes payable of P2,000,000 with a maturity of April 30, 2019. These
help me please thank you
26) At December 31, 2018, Dolphins Corporation owed notes payable of P2,000,000 with a maturity of April 30, 2019. These notes did not arise from transactions in the normal course of business. On February 1, 2019. Dolphins issued P4,000,000 of ten-year bonds with the intention of using part of the bond proceeds to liquidate the P2,000,000 of notes payable. Dolphins Company's 2018 financial statements were issued on March 29, 2019. How much of the P2,000,000 notes payable should be classified as current liabilities in Dolphin Company's statement of financial position at December 31, 2018? A. 6,000,000 C. 2,000,000 B. 4,000,000 D. 0 Step by Step Solution
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