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Find what amount be reported as total current liabilities

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Reference no: EM132919812

Pratt Company had the following at year-end:

Accounts payable, net of debit balances in suppliers' accounts of ¥100,000 = ¥4,000,000

Accrued expenses = 1,500,000

Credit balances of customers' accounts receivable = 500,000

Share dividend payable = 1,000,000

Possible claims for increase in wages by employees of the entity covered in a pending lawsuit = 400,000

Estimated expense in servicing warranty contracts = 600,000

Problem 1: What amount should be reported as total current liabilities?

Reference no: EM132919812

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