The accounts and balances shown below were taken from ACCCOB2 Company’s trial balance on December 31, 2021. All adjusting entries have been made: Cash P 175,000 Prepaid rent 136,000 Inventory 820,000 Investment - FVPL 153,000 Accounts receivable 366,000 Sinking fund asset 525,000 Investment in associates 1,020,000 Property, plant & equipment, net 1,700,000 Patents, net 150,000 Wages payable 250,000 Dividends payable 140,000 Taxes payable 228,000 Accounts payable 248,000 Bonds Payable 648,000 How much should be reported in ACCCOB2’s December 31, 2021 statement of financial position as current and non-current assets, respectively? Group of answer choices P1,800,000 and P2,225,000 P1,650,000 and P3,395,000 P1,800,000 and P3,795,000 P1650,000 and P2,375,000
The accounts and balances shown below were taken from ACCCOB2 Company’s
|
Cash |
P 175,000 |
|
Prepaid rent |
136,000 |
|
Inventory |
820,000 |
|
Investment - FVPL |
153,000 |
|
|
366,000 |
|
Sinking fund asset |
525,000 |
|
Investment in associates |
1,020,000 |
|
Property, plant & equipment, net |
1,700,000 |
|
Patents, net |
150,000 |
|
Wages payable |
250,000 |
|
Dividends payable |
140,000 |
|
Taxes payable |
228,000 |
|
Accounts payable |
248,000 |
|
Bonds Payable |
648,000 |
How much should be reported in ACCCOB2’s December 31, 2021
Group of answer choices
P1,800,000 and P2,225,000
P1,650,000 and P3,395,000
P1,800,000 and P3,795,000
P1650,000 and P2,375,000
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