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PROBLEM C Kygo Corp. provided the following data on December 31, 2020: December 31, 2019 December 31, 2020 Current assets P1,505,750 P1,360,715 Property, plant, and
PROBLEM C Kygo Corp. provided the following data on December 31, 2020: December 31, 2019 December 31, 2020 Current assets P1,505,750 P1,360,715 Property, plant, and equipment 864,900 600,000 Land Current liabilities Non-current liabilities 250,000 Additional information is as follows: Total assets as of December 31, 2019 amounted to P2,570,650 while total liabilities are equal to 68% of the total assets. As of December 31, 2019, working capital of the Company amounted to P65,000. It increased to P85,000 as of December 31, 2020. Additional piece of land costing P250,000 was purchased during 2020. Total revenues amounted to P514,900 while total expenses amounted to P452,508 in 2020. There were no other changes in the equity during 2020 other than the net income or net loss. Question 36 2 Points Total noncurrent liabilities of Kygo Corp. as of December 31, 2019 amounts to? Blank 1 Blank 1 Add your answer Question 37 2 Points Total assets of Kygo Corp. as of December 31, 2020 amounts to? Blank 1 Blank 1 Add your
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