Marriage Company’s trial balance reflected the following account balances on December 31, 2021: Cash 400,000 Trade receivable 1,500,000 Inventory, including inventory expected in the ordinary course of operations to be sold beyond 12 months amounting to P800,000 1,200,000 Prepaid insurance 240,000 Financial assets at fair value through profit or loss 300,000 Financial assets at fair value through OCI 600,000 Financial assets at amortized cost 1,000,000 Deferred tax asset 150,000 Bank overdraft 250,000 Machinery 800,000 Accumulated depreciation 200,000 Noncurrent asset held for sale – building 650,000 Land used as a plant site 920,000 How much is the total noncurrent assets for the year ended December 31, 2021? Group of answer choices 2,670,000 3,920,000 3,270,000 3,320,000
19
Marriage Company’s
|
Cash |
400,000 |
|
Trade receivable |
1,500,000 |
|
Inventory, including inventory expected in the ordinary course of operations to be sold beyond 12 months amounting to P800,000 |
1,200,000 |
|
Prepaid insurance |
240,000 |
|
Financial assets at fair value through profit or loss |
300,000 |
|
Financial assets at fair value through OCI |
600,000 |
|
Financial assets at amortized cost |
1,000,000 |
|
|
150,000 |
|
Bank overdraft |
250,000 |
|
Machinery |
800,000 |
|
|
200,000 |
|
Noncurrent asset held for sale – building |
650,000 |
|
Land used as a plant site |
920,000 |
How much is the total noncurrent assets for the year ended December 31, 2021?
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