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Laura, the accountant for Ocsoc Ltd., is currently preparing the December 31, 2020, statement of financial position, and she

Dividend Aristocrat Inc. (DA) borrowed $197,000 from Grow Business Bank to finance the purchase of equipment costing $147,750

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Current Long term
a Unearned Revenue $            2,20,000
b Taxes Payable $                 6,000
c Loan Payable $          96,000
d Warranty Payable $               21,000
e Accounts Payable $               59,000
f Loan Payable $                 4,800 $          43,200
g Bank Overdraft $                 4,800


Liabilities which are payable within 12 months from reporting date is current liabilities and other is Long term

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