P-1*** CHRIST Company provided the following information on December 31, 2012: 250,000 2,000,000 Credit balance of customers' accounts Serial bonds payable in annual installments of P200,000 Income tax payable Deferred tax liability Unearned subscription revenue 300,000 100,000 150,000 Accrued rent revenue 120,000 Mortgage payable, in annual payments of P500,000 Accrued salaries and wages Cash dividends payable Notes payable-due April 30,2014 sSS Premium Payable Unexpired insurance premium Estimated warranty payable 5,000,000 300,000 1,000,000 500,000 100,000 120,000 50,000 1. Current liabilities 2. Noncurrent liabilities

P-1*** CHRIST Company provided the following information on December 31, 2012: 250,000 2,000,000 Credit balance of customers' accounts Serial bonds payable in annual installments of P200,000 Income tax payable Deferred tax liability Unearned subscription revenue 300,000 100,000 150,000 Accrued rent revenue 120,000 Mortgage payable, in annual payments of P500,000 Accrued salaries and wages Cash dividends payable Notes payable-due April 30,2014 sSS Premium Payable Unexpired insurance premium Estimated warranty payable 5,000,000 300,000 1,000,000 500,000 100,000 120,000 50,000 1. Current liabilities 2. Noncurrent liabilities

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 8RE

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