BT21 Company reported the following account balances on December 31, 2021: · Accounts payable- P1,900,000 · Bonds payable - P3,400,000 · Premium on bonds payable- P200,000 · Deferred tax liability-...


BT21 Company reported the following account balances on December 31, 2021:


·        Accounts payable- P1,900,000


·        Bonds payable  - P3,400,000


·        Premium on bonds payable- P200,000


·        Deferred tax liability- P400,000


·        Dividend payable- P500,000


·        Income tax payable- P900,000


·        Note payable due January 31, 2022- P600,000




On December 31, 2021, what total amount should be reported as current liabilities?



Jun 08, 2022
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