PROBLEM 3: MULTIPLE CHOICE - COMPUTATIONAL 1. The account balances of Boast Co. include the following: 14,000 PhilHealth cont. payable 12,000 Cash dividends payable 2,000 Share dividends payable 12,000 8,000 6,000 70,000 240,000 6,000 Premium on bonds payable 20,000 4,000 Notes payable Interest payable Unearned revenue 30,000 Lease liability 10,000 Bonds payable Rent payable Warranty obligation Discount on notes receivable Income taxes payable Obligation to deliver a fixed number of own shares worth 100,000 a fixed amount of cash 4,000 Security deposit Redeemable preference 28,00 shares issued Ordinary shares issued 20,000 Constructive obligation 22,00 How much is Boast Co.'s total financial liabilities? a. 426,000 b. 438,000 c. 444,000 d. 538.000
PROBLEM 3: MULTIPLE CHOICE - COMPUTATIONAL 1. The account balances of Boast Co. include the following: 14,000 PhilHealth cont. payable 12,000 Cash dividends payable 2,000 Share dividends payable 12,000 8,000 6,000 70,000 240,000 6,000 Premium on bonds payable 20,000 4,000 Notes payable Interest payable Unearned revenue 30,000 Lease liability 10,000 Bonds payable Rent payable Warranty obligation Discount on notes receivable Income taxes payable Obligation to deliver a fixed number of own shares worth 100,000 a fixed amount of cash 4,000 Security deposit Redeemable preference 28,00 shares issued Ordinary shares issued 20,000 Constructive obligation 22,00 How much is Boast Co.'s total financial liabilities? a. 426,000 b. 438,000 c. 444,000 d. 538.000
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 4AP
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