The accounts and balances shown below are gathered from Den Company's adjusted trial balance. Wages Payable P250,000 Cash 137,000 Bonds Payable 600,000 Dividends Payable 140,000 Prepaid Expenses 126,000 Inventory 802,000 Longterm Funds 525,000 Financial Assets at Fair Value Through Profit or Loss 135,000 Accumulated Depreciation - Prop., Plant & Equipment 400,000 Financial Assets At Fair Value Through Other Comprehensive Income 300,000 Discount on Bonds Payable 48,000 Investment in Associates 1,020,000 Taxes Payable 228,000 Accounts Payable 248,000 Accounts Receivable 360,000 Property, Plant and Equipment 1,200,000 Goodwill 450,000 Advances from Affiliated Companies 900,000 Den Company should report total current assets of_______.
The accounts and balances shown below are gathered from Den Company's adjusted trial balance. Wages Payable P250,000 Cash 137,000 Bonds Payable 600,000 Dividends Payable 140,000 Prepaid Expenses 126,000 Inventory 802,000 Longterm Funds 525,000 Financial Assets at Fair Value Through Profit or Loss 135,000 Accumulated Depreciation - Prop., Plant & Equipment 400,000 Financial Assets At Fair Value Through Other Comprehensive Income 300,000 Discount on Bonds Payable 48,000 Investment in Associates 1,020,000 Taxes Payable 228,000 Accounts Payable 248,000 Accounts Receivable 360,000 Property, Plant and Equipment 1,200,000 Goodwill 450,000 Advances from Affiliated Companies 900,000 Den Company should report total current assets of_______.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The accounts and balances shown below are gathered from Den Company's adjusted
|
Wages Payable |
P250,000 |
|
Cash |
137,000 |
|
Bonds Payable |
600,000 |
|
Dividends Payable |
140,000 |
|
Prepaid Expenses |
126,000 |
|
Inventory |
802,000 |
|
Longterm Funds |
525,000 |
|
Financial Assets at Fair Value Through Profit or Loss |
135,000 |
|
|
400,000 |
|
Financial Assets At Fair Value Through Other Comprehensive Income |
300,000 |
|
Discount on Bonds Payable |
48,000 |
|
Investment in Associates |
1,020,000 |
|
Taxes Payable |
228,000 |
|
Accounts Payable |
248,000 |
|
|
360,000 |
|
Property, Plant and Equipment |
1,200,000 |
|
|
450,000 |
|
Advances from Affiliated Companies |
900,000 |
Den Company should report total current assets of_______.
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