4. Emmanuel, Inc. reported the following items in its December 31, 2021 trial balance: Accounts payable - P1,000,000; Accounts receivable - 45,000; Unearned rent revenue – P288,000; Withholding tax payable – P258,000; Reserves - P75,000; Bonds payable due in 2025 - P5,000,000; Accrued interest expense - P225,000; Trademark - P390,000. How much should Emmanuel report as total liabilities in its December 31, 2021 statement of financial position? O 6,771,000 O 6,891,000 O 6,846,000 O 6,666,000

4. Emmanuel, Inc. reported the following items in its December 31, 2021 trial balance: Accounts payable - P1,000,000; Accounts receivable - 45,000; Unearned rent revenue – P288,000; Withholding tax payable – P258,000; Reserves - P75,000; Bonds payable due in 2025 - P5,000,000; Accrued interest expense - P225,000; Trademark - P390,000. How much should Emmanuel report as total liabilities in its December 31, 2021 statement of financial position? O 6,771,000 O 6,891,000 O 6,846,000 O 6,666,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable

Section: Chapter Questions

Problem 28E: On January 1, 2019, Northfield Corporation becomes delinquent on a 100,000, 14% note to First...

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