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How much is the total current liabilities of MD

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Question - MD Company had the following liabilities at December 31, 2017: Trade accounts payable, net of debit balances totaling P65,000 in supplier's accounts P1,125,000

Accrued expenses 136,000Interest payable 96,000

Income tax payable 150,000Mortgage payable due in equal annual instalments until October 31, 2022 750,000

Share dividends declared but not yet issued 300,000

Claims for the unclaimed wages by employees of the company covered in a pending lawsuit (considered to be possible) 250,000

How much is the total current liabilities of MD to be shown on its December 31, 2017 statement of financial position?

a. P1,722,000 c. P2,207,000b. P1,272,000 d. P2,022,000

Reference no: EM133050458

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