In its Dec. 31, 2020 statement of financial position, how much non-current liabilities should be reported?

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Chapter9: Accounting For Receivables
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a. P 4,600,000
b. P 9,600,000
c. P 9,835,000
d. P 10,635,000

In its Dec. 31, 2020 statement of financial position, how much non-current
liabilities should be reported? *
On December 31, 2021, Andale Company provided the following information:
Accounts payable, after deducting debit balances in suppliers' account
amounting to P 30,250
Advances from management officers
Deposits and advances from customers (including refundable
advances from customer resulted to orders cancellation of P 15,000)
Notes payable, including note payable to bank due on
Dec. 31, 2023 of P 600,000
1,230,000.00
102,000.00
250,000.00
1,400,000.00
13,500.00
120,000.00
500,000.00
115,600.00
300,000.00
45,500.00
5,800,000.00
421,000.00
750,000.00
170,000.00
100,000.00
235,000.00
360,000.00
55,350.00
Credit balances in customers' accounts
Bank overdraft
Income tax payable
Withholding tax payable
Estimated warranty liability
Estimated premium liability
Mortgage payable
Cash dividends payable
Stock dividends payabie
Claims for increase in wages by employees covered in a pending lawsuit
Unearned rent income
Deferred tax liability
Contested BIR tax assessment - possible obligation
Other accrued expenses
Serial bonds payable, issued at face amount and 12% interest,
payable semiannual installment of P 400,000 due May 1 and November 1
of each year, the last bond to be paid on November 1, 2027
Interest is also payable semiannually
4,000,000.00
a. P 4,600,000
b. P 9,600,000
c. P 9,835,000
d. P 10,635,000
Transcribed Image Text:In its Dec. 31, 2020 statement of financial position, how much non-current liabilities should be reported? * On December 31, 2021, Andale Company provided the following information: Accounts payable, after deducting debit balances in suppliers' account amounting to P 30,250 Advances from management officers Deposits and advances from customers (including refundable advances from customer resulted to orders cancellation of P 15,000) Notes payable, including note payable to bank due on Dec. 31, 2023 of P 600,000 1,230,000.00 102,000.00 250,000.00 1,400,000.00 13,500.00 120,000.00 500,000.00 115,600.00 300,000.00 45,500.00 5,800,000.00 421,000.00 750,000.00 170,000.00 100,000.00 235,000.00 360,000.00 55,350.00 Credit balances in customers' accounts Bank overdraft Income tax payable Withholding tax payable Estimated warranty liability Estimated premium liability Mortgage payable Cash dividends payable Stock dividends payabie Claims for increase in wages by employees covered in a pending lawsuit Unearned rent income Deferred tax liability Contested BIR tax assessment - possible obligation Other accrued expenses Serial bonds payable, issued at face amount and 12% interest, payable semiannual installment of P 400,000 due May 1 and November 1 of each year, the last bond to be paid on November 1, 2027 Interest is also payable semiannually 4,000,000.00 a. P 4,600,000 b. P 9,600,000 c. P 9,835,000 d. P 10,635,000
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