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Flounder Limited has the following balances as at December 31, 2020: accounts payable and accrued liabilities $16,800, wages payable $12,600, bonus payable (due September 30, 2022) $12,900, and bonds payable of $117,600 due September 30, 2023 (current portion of $25,200).

QUESTIONS:

A) Prepare the liabilities section of the SFP if Flounder presents liabilities in order of liquidity.

B) Prepare the liabilities section of the SFP if Flounder presents liabilities segregated into current and non-current.

Brief Exercise 14-24 Flounder Limited has the following balances as at December 31, 2020: accounts payable and accrued liabilities $16,800, wages payable $12,600, bonus payable (due September 30, 2022) $12,900, and bonds payable of $117,600 due September 30, 2023 (current portion of $25,200). Prepare the liabilities section of the SFP if Flounder presents liabilities in order of liquidity. Flounder Limited Statement of Financial Position (Partial) Liabilities Total liabilities Prepare the liabilities section of the SFP if Flounder presents liabilities segregated into current and non-current. Flounder Limited Statement of Financial Position (Partial) Liabilities Total liabilities