Reference no: EM132942769
XYZ Co. has the following liabilities as of December 31, 2018.
a. Trade accounts payable, including cost of goods received on consignment of P10 000. 300 000
b. Held for trading financial liabilities 50 000
c. Deferred revenue 20 000
d. Bank overdraft 10 000
e. Income tax payable 50 000
f. Accrued expenses 5 000
g. Share dividend payable 12 000
h. Advances from affiliates payable in 15 months after year-end. 23 000
i. Loan of XYZ, Inc. guaranteed by ABC - it is possible ABC will be held liable for the guarantee. 45 000
Requirement:
Problem 1: Compute for the adjusted accounts payable accounts payable on December 31, 2018.
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