Accounts Payable, net of customers' debit balances of P400,000 300,000 Bank loan payable Bonds payable, net of unamortized discount of P350,000 Estimated liability for future warranty expenditures Estimated liability for premiums Income tax payable Note payable, including premium of P350,000 Unearned rent revenue 2,300,000 750,000 250,000 600,000 900,000 1,500,000 150,000 Unearned subscription revenue for unpublished magazine issues SSS premiums payable Withholding tax payable 100,000 90,000 700,000 1. How much is CAMBODIA's financial liabilities on December 31, 2019?
Accounts Payable, net of customers' debit balances of P400,000 300,000 Bank loan payable Bonds payable, net of unamortized discount of P350,000 Estimated liability for future warranty expenditures Estimated liability for premiums Income tax payable Note payable, including premium of P350,000 Unearned rent revenue 2,300,000 750,000 250,000 600,000 900,000 1,500,000 150,000 Unearned subscription revenue for unpublished magazine issues SSS premiums payable Withholding tax payable 100,000 90,000 700,000 1. How much is CAMBODIA's financial liabilities on December 31, 2019?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information were taken from the financial statements of CAMBODIA,
INC. on December 31, 2019 (in Philippine Peso):
Accounts Payable, net of customers' debit balances
of P400,000
Bank loan payable
Bonds payable, net of unamortized discount of P350,000
Estimated liability for future warranty expenditures
Estimated liability for premiums
Income tax payable
Note payable, including premium of P350,000
300,000
2,300,000
750,000
250,000
600,000
900,000
1,500,000
150,000
Unearned rent revenue
Unearned subscription revenue for unpublished magazine issues
SSS premiums payable
Withholding tax payable
100,000
90,000
700,000
1. How much is CAMBODIA's financial liabilities on December 31, 2019?
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