1- At the 30th of November, 2014. Liverpool.Co got long term loan of $800,000 from TSB bank. Liverpool did not pay the o
Posted: Sun Jun 05, 2022 5:07 pm
1- At the 30th of November, 2014. Liverpool.Co got long term loan of $800,000 from TSB bank. Liverpool did not pay the outstanding installments during 2015. The unpaid installments amounted $91,000 including interest of $41,000. Liverpool reached to agreement with TSB bank at the 30th of January, 2016. In this case, the current and non- current liabilities at the 31 of December, 2015 are as follows: (IAS.1,IAS.37) Select one: a. Current liabilities of $ 91,000 and non-current liabilities of $800,000 b. Current liabilities of $50,000 and non-current liabilities of $750,000 O c. Current liabilities of $ 891,000 d. Current liabilities of $ 841,000