Current Liabilities
1. Solar Sunny Corp. reported the following liability account balances on December 31 of the current year:
Accounts payable……………………………………………P 1,900,000
Bonds payable, due in two years.………………………… 3,400,000
Discount on bonds payable……………………………….. 200,000
Deferred tax liability……………………………………….. 400,000
Cash dividend payable……………………………………. 500,000
Income tax payable…………………………………………. 900,000
Notes payable, due at the end of the succeeding year… 600,000
On December 1 of the current year, what at what amount should the current liabilities be reported in the statement of financial position?
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help me please ? thank you ?
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