P-1*** CHRIST Company provided the following information on December 31, 2012: 250,000 2,000,000 Credit balance of customers' accounts Serial bonds payable in annual installments of P200,000 Income tax payable Deferred tax liability Unearned subscription revenue 300,000 100,000 150,000 Accrued rent revenue 120,000 Mortgage payable, in annual payments of P500,000 Accrued salaries and wages Cash dividends payable Notes payable-due April 30,2014 sSS Premium Payable Unexpired insurance premium Estimated warranty payable 5,000,000 300,000 1,000,000 500,000 100,000 120,000 50,000 1. Current liabilities 2. Noncurrent liabilities

P-1*** CHRIST Company provided the following information on December 31, 2012: 250,000 2,000,000 Credit balance of customers' accounts Serial bonds payable in annual installments of P200,000 Income tax payable Deferred tax liability Unearned subscription revenue 300,000 100,000 150,000 Accrued rent revenue 120,000 Mortgage payable, in annual payments of P500,000 Accrued salaries and wages Cash dividends payable Notes payable-due April 30,2014 sSS Premium Payable Unexpired insurance premium Estimated warranty payable 5,000,000 300,000 1,000,000 500,000 100,000 120,000 50,000 1. Current liabilities 2. Noncurrent liabilities

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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