How much from the list above should be presented as part of noncurrent assets 4,900,0001,000,0004,000,0005,500,000 In connection with your audit of Brilliance Corporation for the year ended December 31, 2022, you gathered the followinginformation:Current account at Bank of the Philippine IslandCurrent account at Equitable PCI BankPayroll accountForeign bank account – restricted (in USD)*Postage stampsEmployee's postdated checkIOU trom a key officerCredit memo from a vendor for a purchase returnTraveler's check6,000,000(300,000)1,500,00060,0003,00012,00030,00060,000150,000Customer's not-sufficient-fund checkMoney ordersPetty cash fund (P12,000 currency and expense vouchers for P18,000)Treasury bills, due 3/31/23 (purchased 12/31/22)Treasury bills, due 3/31/23 (purchased 1/1/22)Change fundBond sinking fund" current exchange rate as of December 31, 2022 is at P50 for every USD.45,00090,00030,000600,000900,00010,0001,000,000

Non-current assets are used in business in business to generate cashflows for long-term periods. In…

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Business

Accounting

How much from the list above should be presented as part of noncurrent assets

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 3AP

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