Reference no: EM132981462
Question - The liability section of the statement of financial position of a company on December 31, 2021 showed:
Share dividends declared but not yet paid P75,000
Dividends in arrears on preference shares 37,500
Income tax withheld 2,250
Deferred income tax payable (reversed in 2022) 15,000
Accounts payable, net of P5,000 debit balance in two supplier's account 82,500
Bank overdraft with M Bank 18,000
Mortgage loans incurred in 2021 payable in ten annual installments starting 750,000 July 1, 2022
Redeemable preference shares - payable in 2022 150,000
Redeemable preference shares - payable in 2023 300,000
At what amount should the total current liabilities be shown?
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At what amount should the total current liabilities be shown
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