What total amount be classified as monetary liabilities

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Gumamela Company reported the following liabilities in the statement of financial position:

Accounts payable 1,000,000

Accrued expenses 500,000

Bonds payable 3,000,000

Finance lease liability 4,000,000

Unearned revenue 300,000

Advances from customers 1,200,000

Estimated warranty liability 200,000

Deferred tax liability 400,000

Problem 1: In preparing financial statements in a hyperinflationary economy, what total amount should be classified as monetary liabilities?

a. 4,500,000

b. 8.500,000

c. 9,700,000

d. 8,900,000

Reference no: EM132769555

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