Dec 31, 2022 Dec 31, 2021 Current assets 36,000 28,000 Non-current assets 160,000 112,000 Current liabilities 12,000 4,000 Non-current liabilities 40,000 Additional information: Profit for 2022 was P16,000. No dividends were declared during 2022 and there were no other changes in shareholders' equity. Required: Determine the non-current liabilities as of Dec. 31, 2022.

Dec 31, 2022 Dec 31, 2021 Current assets 36,000 28,000 Non-current assets 160,000 112,000 Current liabilities 12,000 4,000 Non-current liabilities 40,000 Additional information: Profit for 2022 was P16,000. No dividends were declared during 2022 and there were no other changes in shareholders' equity. Required: Determine the non-current liabilities as of Dec. 31, 2022.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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