Data of Marimar Company as of December 31, 2021: Accounts payable P97,500 Accrued expense 85,000 Accrued income 92,800 BIR tax assessment - possible obligation 200,000 Deferred tax liability 70,000 Income tax payable 115,800 Prepaid expense 230,900 Serial bonds payable (with semiannual payment of P125,000) 1,500,000 Note payable - Trade (due January 31, 2023) 78,500 Loan payable (due March 12, 2022) 150,000 How much are the current liabilities on December 31, 2021?
Data of Marimar Company as of December 31, 2021: Accounts payable P97,500 Accrued expense 85,000 Accrued income 92,800 BIR tax assessment - possible obligation 200,000 Deferred tax liability 70,000 Income tax payable 115,800 Prepaid expense 230,900 Serial bonds payable (with semiannual payment of P125,000) 1,500,000 Note payable - Trade (due January 31, 2023) 78,500 Loan payable (due March 12, 2022) 150,000 How much are the current liabilities on December 31, 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Data of Marimar Company as of December 31, 2021:
Accounts payable P97,500
Accrued expense 85,000
Accrued income 92,800
BIR tax assessment - possible obligation 200,000
Deferred tax liability 70,000
Income tax payable 115,800
Prepaid expense 230,900
Serial bonds payable
(with semiannual payment of P125,000) 1,500,000
Note payable - Trade (due January 31, 2023) 78,500
Loan payable (due March 12, 2022) 150,000
How much are the current liabilities on December 31, 2021?
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