Stock dividends declared but not yet paid P50,000 Dividends in arrears on preferred stock 25,000 Income tax withheld 1,500 Deferred income tax payable 10,000 Accounts payable, net of P5.000 debit balance in two supplier's account 55,000 Bank overdraft with PNB - Escolta! 12,000 Mortgage loans incurred in 1978 payable in ten annual installments starting July 1, 1979 What is amount of the current liabilities?

Stock dividends declared but not yet paid P50,000 Dividends in arrears on preferred stock 25,000 Income tax withheld 1,500 Deferred income tax payable 10,000 Accounts payable, net of P5.000 debit balance in two supplier's account 55,000 Bank overdraft with PNB - Escolta! 12,000 Mortgage loans incurred in 1978 payable in ten annual installments starting July 1, 1979 What is amount of the current liabilities?

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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