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How much be reported in Dax statement of financial

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Question - The accounts and balances shown below were taken from Dax Company's trial balannce on December 31, 2020. All adjusting entries have been made. Wages Payable, P250,000; Cash, P175,000; Bonds Payable, P600,000; Dividends Payable, P140,000; Prepaid Rent, P136,000; Inventory, P820,000; Investment in - Sinking Fund Assets, P525,000; Investment to Profit or Loss Securities, P153,000; Premium on Bonds Payable, P48,000; Investment in Subsidiary, P1,020,000; Taxes Payable, P228,000; Accounts Payable, P248,000; Accounts Receivable, P336,000; Property Plant and Equipment, P1,200,000; Patent, P150,000; Accumulated Depreciation-PPE, P400,000; Land Held for future business site, P900,000. How much should be reported in Dax December 31, 2020 statement of financial position as current and non-current assets, respectively?

Reference no: EM132646620

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