What are the values being asked?
Mikasa had the following balances in her books: Cash-P1,500,000, Accounts receivable-P200,000, Allowance for bad debts-5% of A/R, Notes receivable-P500,000, Interest receivable-P5,000, Land- P1,000,000, Equipment-P200,000, Accumulated Depreciation of Equipment-P75,000, Depreciation expense of Equipment-P50,000, Patent-P700,000, Accumulated amortization of Patent-P175,000, Amortization expense of Patent-P100,000 Accounts payable-P275,000, Interest payable-P25,000, Notes payable-P450,000, Bonds payable-P950,000. 80% of accounts receivable are collectible immediately, remaining is due after 2 years Half of notes receivable are due immediately, the other half is due after exactly 1 year. Accounts payable are due after 15 months. P300,000 of notes payable is due after 6 months, the remaining is due after 18 months. P500,000 of bonds payable is due after 12 months, the remaining is due after 24 months. Interest receivable and payable are both due immediately 5.) How much will Mikasa report to her Statement of Financial Position as current assets? 6.) How much will Mikasa report to her Statement of Financial Position as non-current assets? 7.) How much will Mikasa report to her Statement of Financial Position as current liabilities? 8.) How much will Mikasa report to her Statement of Financial Position as non-current liabilities? 9.) How much will Mikasa report to her Statement of Financial Position as total equity? Levi had following information on is books: 2019 2020 Accounts Receivable P500,000 P1,000,000Accounts Payable P350,000 P50,000 Prepaid Rent P200,000 P475,000 Loans Receivable P500,000 P250,000 Loans Payable P150,000 Depreciation Expense P100,000 P100,000 Net income for 2020 was P7,000,000. Levi (owner) invested P500,000 worth of inventories to the company, and withdrew P150,000 cash. Levi purchased P2,000,000 worth of land. He paid 50% as a down payment, and the other 50% will be payable on December 31, 2021. 10.) How much is the net cash effect relating to Levi's operating activities? 11.) How much is the net cash effect relating to Levi's investing activities? 12.) How much is the net cash effect relating to Levi's financing activities? 13.) How much is the total net cash effect