a. P 4,600,000b. P 9,600,000c. P 9,835,000d. P 10,635,000 In its Dec. 31, 2020 statement of financial position, how much non-currentliabilities should be reported? *On December 31, 2021, Andale Company provided the following information:Accounts payable, after deducting debit balances in suppliers' accountamounting to P 30,250Advances from management officersDeposits and advances from customers (including refundableadvances from customer resulted to orders cancellation of P 15,000)Notes payable, including note payable to bank due onDec. 31, 2023 of P 600,0001,230,000.00102,000.00250,000.001,400,000.0013,500.00120,000.00500,000.00115,600.00300,000.0045,500.005,800,000.00421,000.00750,000.00170,000.00100,000.00235,000.00360,000.0055,350.00Credit balances in customers' accountsBank overdraftIncome tax payableWithholding tax payableEstimated warranty liabilityEstimated premium liabilityMortgage payableCash dividends payableStock dividends payabieClaims for increase in wages by employees covered in a pending lawsuitUnearned rent incomeDeferred tax liabilityContested BIR tax assessment - possible obligationOther accrued expensesSerial bonds payable, issued at face amount and 12% interest,payable semiannual installment of P 400,000 due May 1 and November 1of each year, the last bond to be paid on November 1, 2027Interest is also payable semiannually4,000,000.00a. P 4,600,000b. P 9,600,000c. P 9,835,000d. P 10,635,000

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Description: a. P 4,600,000b. P 9,600,000c. P 9,835,000d. P 10,635,000 In its Dec. 31, 2020 statement of financial position, how much non-currentliabilities should be reported? *On December 31, 2021, Andale Company provided the following information:Accounts paya

Long term libilities are those libility which are not payble in next 12 month and have long term…

Answered: In its Dec. 31, 2020 statement of…

Business

Accounting

In its Dec. 31, 2020 statement of financial position, how much non-current liabilities should be reported?

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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