Reference no: EM133119535
Question - Roxas and Susana Catering has the following financial information as of December 31, 2020.
Note payable, due January 31, 2022 1,900,000
Dividend payable 500,000
Deferred tax liability 400,000
Trade payable 2,500,000
Bonds payable due December 31, 2021 5,000,000
Discounts on bonds payable 150,000
Value added tax payable 150,000
As of December 31, 2020, determine the amount to be reported as current liabilities?
a. 3,000,000
b. 8,000,000
c. 8,150,000
d. 10,450,000
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