Ambrosia Limited has the following balances as at December 31, 2023: accounts payable and accrued liabilities $20,000,

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Ambrosia Limited has the following balances as at December 31, 2023: accounts payable and accrued liabilities $20,000, wages payable $15,000, bonus payable (due September 30, 2025) $15,000, and bonds payable of $140,000 due September 30, 2026 (current portion of $30,000). Prepare the liabilities section of the SFP if Ambrosia presents liabilities

(a) In order of liquidity in a non-classified SFP, and 

(b) Segregated into current and non-current.

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Intermediate Accounting Volume 2

ISBN: 9781119740445

13th Canadian Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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