Question: ABC Company presented current liabilities at December 31, 2X19 statement of financial position as follows: In Millions 2X18 2X19 As Revised Current Liabilities PHP PHP

ABC Company presented current liabilities at December 31, 2X19 statement of financial position as follows:

In Millions 2X18 2X19 As Revised Current Liabilities PHP PHP Current portion of long-term debt 135 50 Short-term borrowings 200 123 Other financial liabilities 6,000 76 Accounts payable 7,000 95 Accrued expenses and other 7.250 254 liabilities Provision 7,364 1,221

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