BBB Company had the following assets at December 31, 2022: Cash (of which P25,000 is earmarked for the acquisition of equipment) - P490,000 Trading Securities (including P200,000 investment in FVTOCI) - P380,000 Accounts Receivable, net (including P500,000 due from an officer on December 31, 2024) - P1,250,000 Non-Trade Notes Receivable (due in equal semi-annual installments of P50, 000 every March 1 and September 1) - P300,000 Merchandise Inventory - P900, 000 Prepaid Expenses - P80,000 Plant and Equipment, net - P3,750,000 How much is the Total Current Assets at December 31, 2022? How much is the Total Non-Current Assets at December 31, 2022?

BBB Company had the following assets at December 31, 2022: Cash (of which P25,000 is earmarked for the acquisition of equipment) - P490,000 Trading Securities (including P200,000 investment in FVTOCI) - P380,000 Accounts Receivable, net (including P500,000 due from an officer on December 31, 2024) - P1,250,000 Non-Trade Notes Receivable (due in equal semi-annual installments of P50, 000 every March 1 and September 1) - P300,000 Merchandise Inventory - P900, 000 Prepaid Expenses - P80,000 Plant and Equipment, net - P3,750,000 How much is the Total Current Assets at December 31, 2022? How much is the Total Non-Current Assets at December 31, 2022?

Name: BBB Company had the following assets at December 31, 2022: Cash (of w
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Description: BBB Company had the following assets at December 31, 2022: Cash (of which P25,000 is earmarked for the acquisitionof equipment) - P490,000 Trading Securities (including P200,000 investment in FVTOCI) - P380, 000 AccountsReceivable, net (including P5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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