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    Dawn Rei Dangkiw
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    This document provides information on noncurrent liabilities for a company as of December 31, 2010. It lists notes payable to a bank of P500,000 and a mortgage note payable of P1,460,000 after deducting P40,000 from the original P1,500,000 note. The total noncurrent liabilities for the company on this date are P1,960,000.

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    P1-Q4.doc

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    This document provides information on noncurrent liabilities for a company as of December 31, 2010. It lists notes payable to a bank of P500,000 and a mortgage note payable of P1,460,000 after deducting P40,000 from the original P1,500,000 note. The total noncurrent liabilities for the company on this date are P1,960,000.

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    © All Rights Reserved
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    6 views1 page

    Answer: D

    Uploaded by

    Dawn Rei Dangkiw
    This document provides information on noncurrent liabilities for a company as of December 31, 2010. It lists notes payable to a bank of P500,000 and a mortgage note payable of P1,460,000 after deducting P40,000 from the original P1,500,000 note. The total noncurrent liabilities for the company on this date are P1,960,000.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    ANSWER: D

    Question 4

    Notes payable – bank (see no.2) P500,000


    Mortgage note payable -12%
    (P1,500,000 – P40,000) 1,460,000
    Total noncurrent liabilities , 12/31/10 P1,960,000

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