Industrious Inc. disclosed the following information: Accounts payable, after deducting debit balances in suppliers' accounts amounting to P100,000 P4,000,000 Accrued expenses P1,500,000 Credit balances of customers' accounts P500,000 Share dividend payable P1,000,000 Claims for increase in wages and allowance by employees of the entity, covered in a pending lawsuit P400,000 Estimated expenses in redeeming prize coupons P600,000 What is the adjusted accounts payable? A. 4,600,000 B. 4,100,000 C. 4,700,000 D. 4,000,000

Industrious Inc. disclosed the following information: Accounts payable, after deducting debit balances in suppliers' accounts amounting to P100,000 P4,000,000 Accrued expenses P1,500,000 Credit balances of customers' accounts P500,000 Share dividend payable P1,000,000 Claims for increase in wages and allowance by employees of the entity, covered in a pending lawsuit P400,000 Estimated expenses in redeeming prize coupons P600,000 What is the adjusted accounts payable? A. 4,600,000 B. 4,100,000 C. 4,700,000 D. 4,000,000

Name: Industrious Inc. disclosed the following information:Accounts payable,
Uploaded: 2024-03-05T11:47:04.000Z
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Description: Industrious Inc. disclosed the following information:Accounts payable, after deducting debit balances in suppliers' accounts amounting to P100,000 P4,000,000Accrued expenses P1,500,000Credit balances of customers' accounts P500,000Share dividend paya

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 44P

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