MC21. Bay Corporation trial balance included the following account balances at December 31, 2021: Accounts payable - P4,500,000; Bonds payable, due December 31, 2022 P7,500,000; Discount on bonds payable - P900,000; Dividends payable on January 31, 2022 P2,400,000; payable due January 31, 2025 - P6,000,000. Notes - - How much is included in the current liabilities section of Bay Corporation's December 31, 2021 statement of financial position?
MC21. Bay Corporation trial balance included the following account balances at December 31, 2021: Accounts payable - P4,500,000; Bonds payable, due December 31, 2022 P7,500,000; Discount on bonds payable - P900,000; Dividends payable on January 31, 2022 P2,400,000; payable due January 31, 2025 - P6,000,000. Notes - - How much is included in the current liabilities section of Bay Corporation's December 31, 2021 statement of financial position?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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