ADVANCED ACCT CUSTOM W/CONNECT
ADVANCED ACCT CUSTOM W/CONNECT
14th Edition
ISBN: 9781307697711
Author: Hoyle
Publisher: MCG/CREATE
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Chapter 5, Problem 14P
To determine

Identify the appropriate answer for the given statement from the given choices.

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*see attached What is the total unearned interest income? a. 3,052,705b. 2,652,705c. 2,252,705d. 6,000,000
What amount should be reported as total current liabilities? a. 7,200,000   b. 4,700,000   c. 6,200,000   d. 5,100,000
If beginning and ending interest receivable were P16,000 and P5,000, respectively. Total interest income for the period amounted to P52,000, how much would be the amount of interest collections for the period?a. P31,000 c. P52,000b. P41,000 d. P63,000
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