(O
D.
25,000
X
2.
Compute
for
total
noncurrent
liabilities.
202
The
ledger
of
YENG
Co.
as
of
December
31,
2021
includes
the
following:
Liabilities:
Bank
overdraft
Trade
accounts
payable
(net
of
P5,000
debit
balance
in
accounts)
Notes
payable
(due
in
20-
semi-annual
payments
of
P2,000)
Interest
payable
Bonds
payable
(due
in
March
31,
2022)
Discount
on
bond
payable
Dividends
payable
Share
dividends
payable
Deferred
tax
liability
(expected
to
be
reversed
in
2022)
Income
tax
payable
Contingent
liability
Reserve
for
contingencies
Total
(O
A
46,000
(®
B.79,000
(O
c.64,000
(O
D.
25,000
Correct
answer
®
A
46,000
v
3.
Compute
for
total
current
asset.
5,000
20,000
40,000
15,000
35,000
(15,000)
5,000
6,000
18,000
*2/2
