llowing on ber 31, 4,000,000 8,000,000 500,000 2,500,000 500,000 4,500,000 1,000,000 2,500,000 Cash in bank Accounts receivable Allowance for doubtful accounts Notes receivable Note receivable discounted Inventory Prepaid expenses Deferred tax asset Equipment classified as "held for sale" The accounts receivable included sale price of P3.000,000 of unsold goods out on consignment at 125% of cost and excluded from ending inventory. 2,000,000 What amount should be reported as total current assets on December 31, 2021?

llowing on ber 31, 4,000,000 8,000,000 500,000 2,500,000 500,000 4,500,000 1,000,000 2,500,000 Cash in bank Accounts receivable Allowance for doubtful accounts Notes receivable Note receivable discounted Inventory Prepaid expenses Deferred tax asset Equipment classified as "held for sale" The accounts receivable included sale price of P3.000,000 of unsold goods out on consignment at 125% of cost and excluded from ending inventory. 2,000,000 What amount should be reported as total current assets on December 31, 2021?

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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