peaks Company basis December 31 January 1 9,000,000 Inventory Prepaid expenses Accounts payable Accrued expenses Cost of goods sold 8,000,000 100,000 7,500,000 500,000 15,000,000 3,000,000 50,000 7,000,000 300,000 Expenses The expenses for the current year included depreciation of P200,000 and amortization of P100,000.

peaks Company basis December 31 January 1 9,000,000 Inventory Prepaid expenses Accounts payable Accrued expenses Cost of goods sold 8,000,000 100,000 7,500,000 500,000 15,000,000 3,000,000 50,000 7,000,000 300,000 Expenses The expenses for the current year included depreciation of P200,000 and amortization of P100,000.

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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