Question
The accounts and balances shown below were taken from Dax Company's trial balannce on December 31, 2020. All adjusting entries have been made. Wages Payable,
The accounts and balances shown below were taken from Dax Company's trial balannce on December 31, 2020. All adjusting entries have been made. Wages Payable, P250,000; Cash, P175,000; Bonds Payable, P600,000; Dividends Payable, P140,000; Prepaid Rent, P136,000; Inventory, P820,000; Investment in - Sinking Fund Assets, P525,000; Investment to Profit or Loss Securities, P153,000; Premium on Bonds Payable, P48,000; Investment in Subsidiary, P1,020,000; Taxes Payable, P228,000; Accounts Payable, P248,000; Accounts Receivable, P336,000; Property Plant and Equipment, P1,200,000; Patent, P150,000; Accumulated Depreciation-PPE, P400,000; Land Held for future business site, P900,000. How much should be reported in Dax December 31, 2020 statement of financial position as current and non-current assets, respectively?
The accounts and balances shown below were taken from Dax Company's trial balannce on December 31, 2020. All adjusting entries have been made. Wages Payable, P250,000; Cash, P175,000; Bonds Payable, P600,000; Dividends Payable, P140,000; Prepaid Rent, P136,000; Inventory, P820,000; Investment in - Sinking Fund Assets, P525,000; Investment to Profit or Loss Securities, P153,000; Premium on Bonds Payable, P48,000; Investment in Subsidiary, P1,020,000; Taxes Payable, P228,000; Accounts Payable, P248,000; Accounts Receivable, P336,000; Property Plant and Equipment, P1,200,000; Patent, P150,000; Accumulated Depreciation-PPE, P400,000; Land Held for future business site, P900,000. How much should be reported in Dax December 31, 2020 statement of financial position as current and non-current liabilities, respectively?*
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