Use the following information for the next two (2) questions: Flo-Rida Company's trial balance reflected the...

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Use the following information for the next two (2) questions: Flo-Rida Company's trial balance reflected the following account balances on December 31, 2019: Cash Accounts payable, net of debit balance in suppliers' accounts amounting to P25,000 Bonds payable Premium on bonds payable Deferred tax liability Property dividends payable Income tax payable Note payable, due January 31, 2020 Contingent liability Share dividends payable Cash dividends payable Financial liabilities at FV through profit or loss Reserve for contingencies Estimated expense of meeting warranties Estimated damages as a result of unsatisfactory performance on a contract Mortgage payable Loans payable (payable in five equal annual installments) P 1,000,000 1,000,000 3,400,000 200,000 400,000 400,000 300,000 500,000 150,000 320,000 80,000 130,000 430,000 335,000 268,000 1,000,000 500,000 The P1,000,000 Cash account is net of bank overdraft of P300,000 and unreleased check of P100,000 and including customer's posted check of P50,000 and sinking fund amounting to P280,000 QUESTIONS: 9) How much is the total current liabilities for the year ended December 31, 2019? ANSWER: 10) How much is the total non current liabilities for the year ended December 31, 2019? ANSWER: Use the following information for the next two (2) questions: Flo-Rida Company's trial balance reflected the following account balances on December 31, 2019: Cash Accounts payable, net of debit balance in suppliers' accounts amounting to P25,000 Bonds payable Premium on bonds payable Deferred tax liability Property dividends payable Income tax payable Note payable, due January 31, 2020 Contingent liability Share dividends payable Cash dividends payable Financial liabilities at FV through profit or loss Reserve for contingencies Estimated expense of meeting warranties Estimated damages as a result of unsatisfactory performance on a contract Mortgage payable Loans payable (payable in five equal annual installments) P 1,000,000 1,000,000 3,400,000 200,000 400,000 400,000 300,000 500,000 150,000 320,000 80,000 130,000 430,000 335,000 268,000 1,000,000 500,000 The P1,000,000 Cash account is net of bank overdraft of P300,000 and unreleased check of P100,000 and including customer's posted check of P50,000 and sinking fund amounting to P280,000 QUESTIONS: 9) How much is the total current liabilities for the year ended December 31, 2019? ANSWER: 10) How much is the total non current liabilities for the year ended December 31, 2019? ANSWER:

Answer rating: 100% (QA)

1 List Of Current Liabilities as on 31st Dec2019 Particulars Amount Remarks Accoun... View the full answer