Question: How can I answer this? Can someone answer and explain it, please! . Thank you. ? Instructions ABC Company presented current liabilities at December 31,

How can I answer this? Can someone answer and explain it, please! . Thank you. ?

How can I answer this? Can someone answer and
Instructions 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 liabilities 7,250 254 Provision 7,364 1,221 Requirement: Assuming you are the accountant of the company, prepare your own six (6) disclosures (three [3] disclosures for provisions and another three [3] for contingencies) in the notes to the financial statements using the given information above

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