Reference no: EM133169901

Question - Budoy Company reported the following assets and liabilities at year end:

Cash 200,000 Accounts Payable 1,500,000

Trading Debt Investments 400,000 Accrued expenses 300,000

Accounts Receivable 2,500,000 Long-term note payable 2,000,000

Allowance for doubtful accounts 300,000 Bonds Payable 5,000,000

Inventory 3,000,000 Premium on Bonds Payable 100,000

Equipment 5,000,000 Differed Revenue 600,000

Patent and trademark 400,000

Long-term receivables 4,000,000

Held for collection investments 3,350,000

In a hyperinflationary economy, what amount should be reported as monetary liability?