FB Company is preparing its December 3 1 , 2 0 2 3 statement of financial position.
Question:
FB Company is preparing its December statement of financial position.
The following items may be reported as either current or noncurrent liability:
On December FB Company declared a cash dividend of P per
share to shareholders of record on December The dividend is payable
on January FB had issued ordinary shares, of which
shares are held in the treasury. On this same date, FB declared a
bonus issue to shareholders of record on December The
dividend will be distributed on January FB Company's ordinary
share has a par value of R and a market value per share of P
At December bonds payable of P million are outstanding. The
bonds were issued on September and mature in annual
installments of P million starting September Interest of
on the outstanding balance is payable annually every anniversary date of
the bond.
At December customer advances were P million. During
FB Company collected P million of customer advances and advances of
P million were earned.
At December retained earnings appropriated for future inventory
losses is P million.
How much of the foregoing should be reported as current liabilities at
December
a
b
c
d
College Algebra
ISBN: 978-0134697024
12th edition
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels