AssetsNon-current assetsProperty, Plant, and Equipment 6,430Intangible asset - software 2,250Investment in Batak at cost 5,820Investment - Others 400Total non-current assets 14,900Current assetsInventories 2,087.50Trade Receivables 1,300Cash at Bank 108,585Total current assets 111,972.50Total assets 126,872.50Equity & LiabilitiesEquityOrdinary shares of RM 1 each 5,860Share Premium 3,450Retained Profits 6,670Non-controlling Interest 472Total equity 16,452Non-current liabilities10% loan from Amboi 240Deferred tax 580Total non-current liabilities 820Current liabilitiesTrade payables 13,335Tax payable 425Bank Overdraft 65Dividend payable 1,190Total current liabilities 15,015Total equity & liabilities 126,872.50

Marilag Beauty Shop has total assets of P250, 000, liabilities of P20, 000, capital of P130, 000, revenues of P150, 000 and expenses of P30, 000.If the non-current assets is three times the current assets, the current assets isSelect one:a.P187, 500b.P57,500c.Answer not givend.P62, 500

Which of the following is a financial asset?Answer : Machinery  Intangible assets   Loan receivable  Prepayments

Question 7Which of these would be considered a current asset? (select all that apply) 1 pointAccounts receivablePrepaid expensesAccumulated depreciationVehicle

A company has the following assets:Buildings and Equipment, less accumulated depreciation of P2,000,000           9,600,000Copyrights              960,000Patents           4,000,000Timberlands, less accumulated depletion of P2,800,000           4,800,000The total amount reported under Property, Plant, and Equipment would be.

The following are classified in the balance sheet as a current assets, except;a.Cashb.Buildingc.Accounts Receivabled.Cash equivalents